NXG NextGen Infrastructure Income Fund (NYSE:NXG) Plans $0.60 Monthly Dividend

by · The Markets Daily

NXG NextGen Infrastructure Income Fund (NYSE:NXG – Get Free Report) announced a monthly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 15th will be given a dividend of 0.60 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 13.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

NXG NextGen Infrastructure Income Fund Stock Performance

NYSE NXG traded down $0.46 on Tuesday, reaching $55.52. The company had a trading volume of 56,704 shares, compared to its average volume of 84,219. NXG NextGen Infrastructure Income Fund has a fifty-two week low of $45.80 and a fifty-two week high of $65.78. The business has a 50 day moving average of $59.69 and a two-hundred day moving average of $57.21.

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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