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

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) announced a monthly dividend on Friday, July 31st. Investors of record on Monday, August 17th will be given a dividend of 0.12 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date is Monday, August 17th.

Neuberger Berman Next Generation Connectivity Fund Price Performance

Neuberger Berman Next Generation Connectivity Fund stock opened at $15.87 on Friday. Neuberger Berman Next Generation Connectivity Fund has a one year low of $12.32 and a one year high of $17.43. The company’s fifty day moving average price is $15.72 and its two-hundred day moving average price is $14.70.

Institutional Investors Weigh In On Neuberger Berman Next Generation Connectivity Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in NBXG. Kestra Advisory Services LLC bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the fourth quarter valued at approximately $47,000. Geneos Wealth Management Inc. bought a new position in Neuberger Berman Next Generation Connectivity Fund during the first quarter worth $57,000. Global Retirement Partners LLC bought a new position in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth $62,000. Rockefeller Capital Management L.P. raised its stake in Neuberger Berman Next Generation Connectivity Fund by 24.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,266 shares of the company’s stock valued at $62,000 after purchasing an additional 837 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in Neuberger Berman Next Generation Connectivity Fund in the 1st quarter valued at $63,000.

Neuberger Berman Next Generation Connectivity Fund Company Profile

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.