NXG NextGen Infrastructure Income Fund (NYSE:NXG) to Issue Monthly Dividend of $0.54

NXG NextGen Infrastructure Income Fund (NYSE:NXG) declared a monthly dividend on Friday, September 6th, Wall Street Journal reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.54 per share on Friday, November 29th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 16.16%. The ex-dividend date of this dividend is Friday, November 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 Performance

Shares of NXG NextGen Infrastructure Income Fund stock opened at $40.10 on Friday. The business has a 50-day moving average price of $39.41 and a 200-day moving average price of $39.50. NXG NextGen Infrastructure Income Fund has a twelve month low of $30.32 and a twelve month high of $43.65.

Insider Activity at NXG NextGen Infrastructure Income Fund

In other NXG NextGen Infrastructure Income Fund news, COO Todd Sunderland purchased 956 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was purchased at an average price of $39.96 per share, with a total value of $38,201.76. Following the acquisition, the chief operating officer now owns 956 shares in the company, valued at $38,201.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

About NXG NextGen Infrastructure Income Fund

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.