Neuberger Berman Next Generation Connectivity Fund Inc. (NBXG) to Issue Monthly Dividend of $0.12 on June 30th

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) announced a monthly dividend on Friday, May 29th. Investors of record on Monday, June 15th will be paid a dividend of 0.12 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Monday, June 15th.

Neuberger Berman Next Generation Connectivity Fund Price Performance

Shares of NYSE NBXG traded up $0.27 during mid-day trading on Friday, hitting $16.18. 157,757 shares of the company were exchanged, compared to its average volume of 220,984. The stock has a 50 day simple moving average of $15.07 and a 200-day simple moving average of $14.34. Neuberger Berman Next Generation Connectivity Fund has a 1-year low of $12.32 and a 1-year high of $16.94.

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.