MainStay CBRE Global Infrastructure Megatrends Term Fund Declares Monthly Dividend of $0.13 (NYSE:MEGI)

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a monthly dividend on Friday, March 13th. Stockholders of record on Monday, March 23rd will be given a dividend of 0.125 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 10.1%. The ex-dividend date is Monday, March 23rd.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance

MEGI traded up $0.03 on Friday, reaching $14.89. 106,716 shares of the company’s stock were exchanged, compared to its average volume of 210,304. MainStay CBRE Global Infrastructure Megatrends Term Fund has a twelve month low of $11.40 and a twelve month high of $15.89. The stock’s fifty day moving average price is $14.58 and its 200-day moving average price is $14.36.

About MainStay CBRE Global Infrastructure Megatrends Term Fund

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) is a closed-end term fund that seeks to deliver total return through a combination of income and capital appreciation by investing primarily in global infrastructure securities. The fund targets companies involved in the development, ownership, or operation of transportation networks, energy and utility systems, digital infrastructure and related megatrends. By focusing on essential assets that underpin long-term economic growth, MEGI aims to generate a stable income stream while capturing opportunities for capital gains.

Launched in 2021, MEGI employs a thematic investment approach managed by CBRE Clarion Securities’ dedicated infrastructure equity team.