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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGIGet Free Report) announced a monthly dividend on Friday, June 14th, NASDAQ reports. Shareholders of record on Tuesday, June 25th will be paid a dividend of 0.125 per share on Friday, June 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 12.04%. The ex-dividend date of this dividend is Tuesday, June 25th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Trading Up 0.3 %

Shares of MainStay CBRE Global Infrastructure Megatrends Term Fund stock opened at $12.46 on Friday. The business’s 50 day simple moving average is $12.62 and its 200-day simple moving average is $12.72. MainStay CBRE Global Infrastructure Megatrends Term Fund has a twelve month low of $10.63 and a twelve month high of $14.35.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. purchased 25,362 shares of MainStay CBRE Global Infrastructure Megatrends Term Fund stock in a transaction dated Tuesday, April 23rd. The stock was bought at an average cost of $11.88 per share, with a total value of $301,300.56. Following the purchase, the insider now owns 5,532,415 shares in the company, valued at approximately $65,725,090.20. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Over the last ninety days, insiders have acquired 130,593 shares of company stock valued at $1,626,383.

About MainStay CBRE Global Infrastructure Megatrends Term Fund

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The Fund’s investment objective is to seek a high level of total return with an emphasis on current income. There is no assurance that the Fund will achieve its investment objective. Tthe Fund invests at least 80% of its assets (net assets plus borrowings for investment purposes) in securities issued by infrastructure companies.

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Dividend History for MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI)

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