NXG NextGen Infrastructure Income Fund (NYSE:NXG – Get Free Report) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Thursday, October 15th will be given a dividend of 0.60 per share on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 13.0%. The ex-dividend date of this dividend is Thursday, October 15th.
NXG NextGen Infrastructure Income Fund Price Performance
NYSE NXG opened at $55.52 on Wednesday. The stock’s fifty day moving average price is $59.63 and its 200 day moving average price is $57.22. NXG NextGen Infrastructure Income Fund has a 1 year low of $45.80 and a 1 year high of $65.78.
NXG NextGen Infrastructure Income Fund Company Profile
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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