MainStay CBRE Global Infrastructure Megatrends Fund (NYSE:MEGI – Get Rating) announced a monthly dividend on Friday, January 13th, investing.com reports. Stockholders of record on Monday, January 23rd will be given a dividend of 0.1083 per share on Tuesday, January 31st. This represents a $1.30 dividend on an annualized basis and a dividend yield of 8.64%. The ex-dividend date of this dividend is Friday, January 20th. This is an increase from MainStay CBRE Global Infrastructure Megatrends Fund's previous monthly dividend of $0.11.

MainStay CBRE Global Infrastructure Megatrends Fund Stock Performance

MEGI stock opened at $15.05 on Friday. MainStay CBRE Global Infrastructure Megatrends Fund has a 52-week low of $11.43 and a 52-week high of $20.35. The company's 50 day simple moving average is $14.09 and its 200-day simple moving average is $14.63.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MEGI. Penserra Capital Management LLC acquired a new position in MainStay CBRE Global Infrastructure Megatrends Fund in the 1st quarter valued at approximately $12,184,000. FCA Corp TX acquired a new position in MainStay CBRE Global Infrastructure Megatrends Fund in the 1st quarter valued at approximately $1,172,000. Royal Bank of Canada increased its stake in MainStay CBRE Global Infrastructure Megatrends Fund by 622.2% in the 1st quarter. Royal Bank of Canada now owns 43,627 shares of the company's stock valued at $827,000 after buying an additional 37,586 shares during the period. Advisors Asset Management Inc. acquired a new position in MainStay CBRE Global Infrastructure Megatrends Fund in the 1st quarter valued at approximately $198,000. Finally, Bank of America Corp DE increased its stake in MainStay CBRE Global Infrastructure Megatrends Fund by 165.0% in the 1st quarter. Bank of America Corp DE now owns 117,537 shares of the company's stock valued at $2,228,000 after buying an additional 73,183 shares during the period.

About MainStay CBRE Global Infrastructure Megatrends 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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