NXG NextGen Infrastructure Income Fund (NYSE:NXG) Plans $0.60 Monthly Dividend

NXG NextGen Infrastructure Income Fund (NYSE:NXG) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Monday, November 16th will be given a dividend of 0.60 per share on Monday, November 30th. This represents a c) annualized dividend and a dividend yield of 13.0%. The ex-dividend date of this dividend is Monday, November 16th.

NXG NextGen Infrastructure Income Fund Stock Down 0.8%

Shares of NYSE:NXG traded down $0.46 during midday trading on Tuesday, reaching $55.52. The company’s stock had a trading volume of 56,704 shares, compared to its average volume of 84,219. The stock has a fifty day moving average of $59.69 and a 200 day moving average of $57.21. NXG NextGen Infrastructure Income Fund has a twelve month low of $45.80 and a twelve month 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.