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

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) announced a monthly dividend on Tuesday, June 30th. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.12 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Wednesday, July 15th.

Neuberger Berman Next Generation Connectivity Fund Price Performance

Shares of NYSE:NBXG opened at $16.56 on Wednesday. The firm has a fifty day moving average price of $15.73 and a two-hundred day moving average price of $14.49. Neuberger Berman Next Generation Connectivity Fund has a one year low of $12.32 and a one year high of $17.43.

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.