Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Shares to Pay Monthly Dividend of $0.12

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG – Get Free Report) announced a monthly dividend on Wednesday, September 30th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.12 per share on Friday, October 30th. This represents a $1.44 annualized dividend and a yield of 9.2%. The ex-dividend date is Thursday, October 15th.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NYSE:NBXG opened at $15.66 on Thursday. Neuberger Berman Next Generation Connectivity Fund has a 52-week low of $12.32 and a 52-week high of $17.43. The business has a fifty day moving average of $15.27 and a two-hundred day moving average of $15.12.

Institutional Investors Weigh In On Neuberger Berman Next Generation Connectivity Fund

A number of hedge funds have recently modified their holdings of NBXG. Quantedge Capital Pte Ltd lifted its stake in Neuberger Berman Next Generation Connectivity Fund by 81.1% during the 1st quarter. Quantedge Capital Pte Ltd now owns 193,662 shares of the company’s stock worth $2,492,000 after acquiring an additional 86,700 shares in the last quarter. Private Advisor Group LLC grew its position in Neuberger Berman Next Generation Connectivity Fund by 69.0% in the 1st quarter. Private Advisor Group LLC now owns 171,475 shares of the company’s stock valued at $2,207,000 after acquiring an additional 69,984 shares in the last quarter. NewEdge Advisors LLC grew its position in Neuberger Berman Next Generation Connectivity Fund by 94.2% in the 1st quarter. NewEdge Advisors LLC now owns 117,358 shares of the company’s stock valued at $1,510,000 after acquiring an additional 56,937 shares in the last quarter. Closed End Fund Advisors Inc. purchased a new stake in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth about $627,000. Finally, Altium Capital Management LLC increased its stake in Neuberger Berman Next Generation Connectivity Fund by 20.4% during the first quarter. Altium Capital Management LLC now owns 204,562 shares of the company’s stock worth $2,633,000 after purchasing an additional 34,689 shares during the period.

About Neuberger Berman Next Generation Connectivity Fund

(Get Free Report)

Neuberger Berman Next Generation Connectivity Fund (NYSE: NBXG) is a closed-end investment fund managed by Neuberger Berman. The fund seeks to provide investors with exposure to companies positioned to benefit from the continued development and adoption of next-generation connectivity technologies.

NBXG invests primarily in publicly traded companies involved in areas such as wireless communications, 5G networks, cloud computing, data centers, semiconductors, cybersecurity, connected devices, and the Internet of Things.

See Also

Dividend History for Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG)

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