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This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
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S&P 500   5,069.76
DOW   38,949.02
QQQ   435.27
Palantir Stock Has It all… Except the Analysts' Support
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
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This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
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This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
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S&P 500   5,069.76
DOW   38,949.02
QQQ   435.27
Palantir Stock Has It all… Except the Analysts' Support
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
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FedEx ends naming rights agreement for the Washington Commanders stadium long known as FedEx Field
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
2 Navigation Stocks That Continue to Defy Gravity
Workday Stock Price is Working on a Buy-the-Dip Opportunity
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
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Applied Optoelectronics earnings dumper, pain now for gain later?
NYSE:MEGI

MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) Stock Price, News & Analysis

$12.16
-0.12 (-0.98%)
(As of 02/28/2024 ET)
Today's Range
$12.14
$12.29
50-Day Range
$12.13
$13.62
52-Week Range
$10.63
$14.89
Volume
196,281 shs
Average Volume
178,077 shs
Market Capitalization
N/A
P/E Ratio
N/A
Dividend Yield
11.60%
Price Target
N/A

MEGI stock logo

About MainStay CBRE Global Infrastructure Megatrends Term Fund Stock (NYSE:MEGI)

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. The Fund seeks to achieve its investment objective by investing primarily in income-producing equity securities issued by infrastructure companies, including common stock, preferred stock, convertible securities and rights or warrants to buy common stocks. The Fund intends to focus on three infrastructure megatrends: (i) decarbonization, (ii) digital transformation and (iii) enhancement of aging infrastructure assets. The Fund expects to invest primarily in equity securities of companies located in a number of different countries, including the United States. The Fund may also invest in fixed income securities of infrastructure companies. The Fund will invest more than 25% of the value of its total assets at the time of purchase in the securities of issuers conducting their business activities in the infrastructure group of industries. The Fund’s Subadvisor, CBRE Clarion, defines an infrastructure company as a company that derives at least 50% of its revenues or profits from, or devotes at least 50% of its assets to, the ownership, management, development, construction, renovation, enhancement, or operation of infrastructure assets or the provision of services to companies engaged in such activities. Examples of infrastructure assets include transportation assets (such as toll roads, bridges, railroads, airports, and seaports), utility assets (such as electric transmission and distribution lines, gas distribution pipelines, water pipelines and treatment facilities, and sewer facilities), energy assets (such as oil and gas pipelines, storage facilities, and other facilities used for gathering, processing, or transporting hydrocarbon products as well as contracted renewable power assets), and communications assets (such as communications towers, data centers, fiber networks, and satellites.

MEGI Stock Price History

MEGI Stock News Headlines

CBRE Feb 2024 65.000 put
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
CBRE Jan 2024 60.000 call
CBRE Dec 2023 80.000 put
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
T Rowe Price Global Growth Stock Fund
See More Headlines
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Company Calendar

Ex-Dividend for 1/31 Dividend
1/25/2024
Dividend Payable
1/31/2024
Ex-Dividend for 2/29 Dividend
2/23/2024
Today
2/28/2024
Dividend Payable
2/29/2024

Industry, Sector and Symbol

Sector
--
Industry
-
Sub-Industry
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$-61,124,394.00

Miscellaneous

Free Float
N/A
Optionable
Not Optionable
Beta
N/A
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MEGI Stock Analysis - Frequently Asked Questions

How have MEGI shares performed in 2024?

MainStay CBRE Global Infrastructure Megatrends Term Fund's stock was trading at $12.98 at the beginning of 2024. Since then, MEGI stock has decreased by 6.3% and is now trading at $12.16.
View the best growth stocks for 2024 here
.

Are investors shorting MainStay CBRE Global Infrastructure Megatrends Term Fund?

MainStay CBRE Global Infrastructure Megatrends Term Fund saw a decline in short interest in the month of February. As of February 15th, there was short interest totaling 56,100 shares, a decline of 74.2% from the January 31st total of 217,200 shares. Based on an average daily trading volume, of 208,200 shares, the short-interest ratio is currently 0.3 days.
View MainStay CBRE Global Infrastructure Megatrends Term Fund's Short Interest
.

How often does MainStay CBRE Global Infrastructure Megatrends Term Fund pay dividends? What is the dividend yield for MainStay CBRE Global Infrastructure Megatrends Term Fund?

MainStay CBRE Global Infrastructure Megatrends Term Fund declared a monthly dividend on Wednesday, February 14th. Shareholders of record on Monday, February 26th will be paid a dividend of $0.125 per share on Thursday, February 29th. This represents a $1.50 dividend on an annualized basis and a yield of 12.34%. The ex-dividend date of this dividend is Friday, February 23rd.
Read our dividend analysis for MEGI
.

Is MainStay CBRE Global Infrastructure Megatrends Term Fund a good dividend stock?

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) pays an annual dividend of $1.41 per share and currently has a dividend yield of 13.60%. MEGI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for MEGI.

What ETFs hold MainStay CBRE Global Infrastructure Megatrends Term Fund's stock?

ETFs with the largest weight of MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) stock in their portfolio include Saba Closed-End Funds ETF (CEFS) and Amplify High Income ETF (YYY).First Trust Income Opportunities ETF (FCEF).

Who are MainStay CBRE Global Infrastructure Megatrends Term Fund's major shareholders?

MainStay CBRE Global Infrastructure Megatrends Term Fund's stock is owned by a variety of retail and institutional investors. Top institutional investors include Raymond James & Associates (0.00%), Karpus Management Inc. (0.00%), Wells Fargo & Company MN (0.00%), Royal Bank of Canada (0.00%), Pathstone Holdings LLC (0.00%) and City of London Investment Management Co. Ltd. (0.00%). Insiders that own company stock include Daniel Ryan Foley, Jacques P Perold, Jeremy Anagnos, Joseph P Smith, Kirk C Lehneis, Richard S Trutanic and Saba Capital Management, LP.
View institutional ownership trends
.

How do I buy shares of MainStay CBRE Global Infrastructure Megatrends Term Fund?

Shares of MEGI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MEGI) was last updated on 2/29/2024 by MarketBeat.com Staff