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

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) announced a monthly dividend on Friday, January 30th. Investors of record on Tuesday, February 17th will be given a dividend of 0.12 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 10.8%. The ex-dividend date of this dividend is Tuesday, February 17th.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NYSE NBXG opened at $13.39 on Friday. The company’s 50-day simple moving average is $14.31 and its two-hundred day simple moving average is $14.70. Neuberger Berman Next Generation Connectivity Fund has a one year low of $10.05 and a one year high of $15.65.

Hedge Funds Weigh In On Neuberger Berman Next Generation Connectivity Fund

Large investors have recently bought and sold shares of the business. Nemes Rush Group LLC bought a new stake in Neuberger Berman Next Generation Connectivity Fund during the 2nd quarter valued at $33,000. Kestra Advisory Services LLC purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth $47,000. Geneos Wealth Management Inc. purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 1st quarter worth $57,000. Global Retirement Partners LLC bought a new stake in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter valued at about $62,000. Finally, Activest Wealth Management purchased a new position in Neuberger Berman Next Generation Connectivity Fund in the fourth quarter valued at about $108,000.

About Neuberger Berman Next Generation Connectivity Fund

The Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG) is an actively managed, closed-end fund dedicated to investing in companies driving the evolution of global connectivity infrastructure. Launched in February 2024 by Neuberger Berman, NBXG seeks total return by building a diversified portfolio of equity and equity-related securities in firms involved in 5G networks, fiber-optic systems, satellite communications, data centers, cloud computing, and other emerging technologies that support faster and more reliable digital connections.

Under its investment strategy, NBXG allocates capital across hardware and software providers, telecommunications carriers, semiconductor manufacturers, and equipment suppliers that benefit from the rollout and expansion of next-generation networks.