NXG NextGen Infrastructure Income Fund (NXG) to Issue Monthly Dividend of $0.60 on July 31st

NXG NextGen Infrastructure Income Fund (NYSE:NXG) announced a monthly dividend on Tuesday, June 2nd. Investors of record on Wednesday, July 15th will be paid a dividend of 0.60 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 12.1%. The ex-dividend date is Wednesday, July 15th.

NXG NextGen Infrastructure Income Fund Stock Performance

Shares of NXG stock opened at $59.70 on Thursday. NXG NextGen Infrastructure Income Fund has a 1-year low of $45.05 and a 1-year high of $60.84. The business has a 50-day moving average of $56.16 and a 200 day moving average of $53.08.

Insiders Place Their Bets

In other NXG NextGen Infrastructure Income Fund news, COO Todd Sunderland acquired 802 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was acquired at an average price of $58.45 per share, for a total transaction of $46,876.90. Following the acquisition, the chief operating officer owned 3,211 shares in the company, valued at $187,682.95. This represents a 33.29% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders purchased 3,931 shares of company stock valued at $215,607.

Institutional Investors Weigh In On NXG NextGen Infrastructure Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Stratos Wealth Advisors LLC lifted its holdings in NXG NextGen Infrastructure Income Fund by 2.7% in the 4th quarter. Stratos Wealth Advisors LLC now owns 7,499 shares of the company’s stock worth $379,000 after buying an additional 200 shares during the period. Ausdal Financial Partners Inc. lifted its holdings in NXG NextGen Infrastructure Income Fund by 1.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 25,573 shares of the company’s stock worth $1,286,000 after buying an additional 482 shares during the period. LPL Financial LLC lifted its holdings in NXG NextGen Infrastructure Income Fund by 4.0% in the 4th quarter. LPL Financial LLC now owns 19,700 shares of the company’s stock worth $995,000 after buying an additional 759 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in NXG NextGen Infrastructure Income Fund in the 4th quarter worth approximately $39,000. Finally, UBS Group AG lifted its holdings in NXG NextGen Infrastructure Income Fund by 7.6% in the 3rd quarter. UBS Group AG now owns 12,529 shares of the company’s stock worth $611,000 after buying an additional 889 shares during the period.

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.