MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI – Get Free Report) announced a monthly dividend on Tuesday, November 14th, Zacks reports. Stockholders of record on Monday, November 27th will be given a dividend of 0.125 per share on Thursday, November 30th. This represents a $1.50 annualized dividend and a dividend yield of 12.50%. The ex-dividend date of this dividend is Friday, November 24th.
MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Up 3.0 %
MEGI stock opened at $12.00 on Wednesday. The firm’s 50 day moving average price is $11.74 and its 200-day moving average price is $13.05. MainStay CBRE Global Infrastructure Megatrends Term Fund has a one year low of $10.63 and a one year high of $15.50.
Institutional Trading of MainStay CBRE Global Infrastructure Megatrends Term Fund
Several institutional investors have recently made changes to their positions in MEGI. Penserra Capital Management LLC purchased a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund in the first quarter valued at approximately $12,184,000. FCA Corp TX purchased a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund in the first quarter valued at approximately $1,172,000. Royal Bank of Canada raised its position in MainStay CBRE Global Infrastructure Megatrends Term Fund by 622.2% in the first quarter. Royal Bank of Canada now owns 43,627 shares of the company’s stock valued at $827,000 after purchasing an additional 37,586 shares during the period. Advisors Asset Management Inc. purchased a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund in the first quarter valued at approximately $198,000. Finally, Bank of America Corp DE raised its position in MainStay CBRE Global Infrastructure Megatrends Term Fund by 165.0% in the first quarter. Bank of America Corp DE now owns 117,537 shares of the company’s stock valued at $2,228,000 after purchasing an additional 73,183 shares during the period.
About MainStay CBRE Global Infrastructure Megatrends Term Fund
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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