NXG NextGen Infrastructure Income Fund (NYSE:NXG) Plans $0.54 Monthly Dividend

by · The Cerbat Gem

NXG NextGen Infrastructure Income Fund (NYSE:NXG – Get Free Report) declared a monthly dividend on Monday, February 2nd. Shareholders of record on Monday, March 16th will be given a dividend of 0.54 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Monday, March 16th.

NXG NextGen Infrastructure Income Fund Stock Up 0.3%

Shares of NXG stock traded up $0.16 on Monday, reaching $50.90. The company had a trading volume of 51,972 shares, compared to its average volume of 41,680. The business’s 50-day moving average is $50.13 and its 200 day moving average is $49.06. NXG NextGen Infrastructure Income Fund has a one year low of $35.22 and a one year high of $53.38.

NXG NextGen Infrastructure Income Fund Company Profile

(Get Free Report)

NextGen Infrastructure Income Fund (NYSE: NXG) is a closed-end management investment company that seeks to provide shareholders with high current income and, to a lesser extent, capital appreciation by investing primarily in infrastructure-related assets. The fund’s portfolio typically includes debt and equity securities issued by companies operating in energy, utilities, transportation and communications infrastructure sectors. NXG’s investment strategy blends fixed income instruments—such as corporate bonds and preferred stock—with select equity holdings to build a diversified income-oriented portfolio.

To pursue its objectives, NXG combines thorough credit analysis and sector allocation with active risk management.

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