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

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) announced a monthly dividend on Monday, August 31st. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.12 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

Neuberger Berman Next Generation Connectivity Fund Price Performance

Shares of Neuberger Berman Next Generation Connectivity Fund stock opened at $15.30 on Tuesday. Neuberger Berman Next Generation Connectivity Fund has a 12 month low of $12.32 and a 12 month high of $17.43. The business has a 50 day simple moving average of $15.47 and a two-hundred day simple moving average of $14.81.

Institutional Investors Weigh In On Neuberger Berman Next Generation Connectivity Fund

A number of institutional investors have recently made changes to their positions in NBXG. Rockefeller Capital Management L.P. increased its stake in Neuberger Berman Next Generation Connectivity Fund by 24.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,266 shares of the company’s stock worth $62,000 after purchasing an additional 837 shares during the period. Evolve Private Wealth LLC lifted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 1.2% in the 1st quarter. Evolve Private Wealth LLC now owns 111,907 shares of the company’s stock valued at $1,440,000 after purchasing an additional 1,282 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 5.8% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 28,080 shares of the company’s stock valued at $464,000 after acquiring an additional 1,544 shares during the period. Compound Planning Inc. raised its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 5.3% in the fourth quarter. Compound Planning Inc. now owns 44,386 shares of the company’s stock worth $641,000 after acquiring an additional 2,230 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in Neuberger Berman Next Generation Connectivity Fund by 13.0% in the 4th quarter. Advisory Services Network LLC now owns 19,799 shares of the company’s stock valued at $286,000 after purchasing an additional 2,285 shares during the last quarter.

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.