MainStay CBRE Global Infrastructure Megatrends Fund (NYSE:MEGI – Get Rating) announced a monthly dividend on Wednesday, December 14th, Zacks reports. Shareholders of record on Tuesday, December 27th will be paid a dividend of 0.108 per share on Friday, December 30th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 9.49%. The ex-dividend date of this dividend is Friday, December 23rd.

MainStay CBRE Global Infrastructure Megatrends Fund Price Performance

Shares of NYSE:MEGI opened at $13.66 on Wednesday. MainStay CBRE Global Infrastructure Megatrends Fund has a 1-year low of $11.43 and a 1-year high of $20.44. The company's fifty day moving average is $13.52 and its two-hundred day moving average is $14.90.

Hedge Funds Weigh In On MainStay CBRE Global Infrastructure Megatrends Fund

Several institutional investors have recently modified their holdings of MEGI. Penserra Capital Management LLC bought a new position in shares of MainStay CBRE Global Infrastructure Megatrends Fund during the first quarter worth about $12,184,000. Wells Fargo & Company MN grew its position in shares of MainStay CBRE Global Infrastructure Megatrends Fund by 76.6% during the second quarter. Wells Fargo & Company MN now owns 356,123 shares of the company's stock worth $5,659,000 after acquiring an additional 154,506 shares during the last quarter. UBS Group AG bought a new position in shares of MainStay CBRE Global Infrastructure Megatrends Fund during the second quarter worth about $1,853,000. Royal Bank of Canada grew its position in shares of MainStay CBRE Global Infrastructure Megatrends Fund by 99.6% during the third quarter. Royal Bank of Canada now owns 181,502 shares of the company's stock worth $2,244,000 after acquiring an additional 90,582 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of MainStay CBRE Global Infrastructure Megatrends Fund by 165.0% during the first quarter. Bank of America Corp DE now owns 117,537 shares of the company's stock worth $2,228,000 after acquiring an additional 73,183 shares during the last quarter.

MainStay CBRE Global Infrastructure Megatrends Fund Company Profile

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.

Further Reading

• Get a free copy of the StockNews.com research report on MainStay CBRE Global Infrastructure Megatrends Fund (MEGI)
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