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

Posted by Grant Hamersma on Sep 5th, 2024

NXG NextGen Infrastructure Income Fund (NYSE:NXG – Get Free Report) declared a monthly dividend on Thursday, September 5th, Wall Street Journal reports. Shareholders of record on Tuesday, October 15th will be paid a dividend of 0.54 per share on Thursday, October 31st. This represents a $6.48 dividend on an annualized basis and a yield of 16.02%. The ex-dividend date is Tuesday, October 15th.

NXG NextGen Infrastructure Income Fund has increased its dividend by an average of 0.3% annually over the last three years.

NXG NextGen Infrastructure Income Fund Stock Up 0.4 %

Shares of NXG NextGen Infrastructure Income Fund stock traded up $0.17 on Thursday, reaching $40.46. 32,897 shares of the company were exchanged, compared to its average volume of 30,289. NXG NextGen Infrastructure Income Fund has a 1-year low of $30.32 and a 1-year high of $43.65. The company’s 50-day moving average is $39.46 and its two-hundred day moving average is $39.42.

Insiders Place Their Bets

In other news, COO Todd Sunderland purchased 956 shares of NXG NextGen Infrastructure Income Fund stock in a transaction dated Monday, July 15th. The stock was bought at an average price of $39.96 per share, with a total value of $38,201.76. Following the completion of the acquisition, the chief operating officer now owns 956 shares in the company, valued at approximately $38,201.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

NXG NextGen Infrastructure Income Fund Company Profile

(Get Free Report)

NXG NextGen Infrastructure Income Fund is a closed ended equity mutual fund launched and managed by Cushing MLP Asset Management, LP. The fund invests in stocks of companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services and logistics companies, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies.