NXG NextGen Infrastructure Income Fund (NYSE:NXG – Get Free Report) announced a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be paid 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
Shares of NYSE NXG traded down $0.46 during midday trading on Tuesday, reaching $55.52. 56,704 shares of the company were exchanged, compared to its average volume of 84,219. The stock’s 50-day moving average price is $59.69 and its 200-day moving average price is $57.21. NXG NextGen Infrastructure Income Fund has a one year low of $45.80 and a one year high of $65.78.
About NXG NextGen Infrastructure Income Fund
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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