NXG NextGen Infrastructure Income Fund to Issue Monthly Dividend of $0.60 (NYSE:NXG)

NXG NextGen Infrastructure Income Fund (NYSE:NXG) announced a monthly dividend on Tuesday, September 1st. Investors of record on Thursday, October 15th will be paid a dividend of 0.60 per share on Friday, October 30th. This represents a c) annualized dividend and a yield of 13.0%. The ex-dividend date of this dividend is Thursday, October 15th.

NXG NextGen Infrastructure Income Fund Price Performance

NXG traded down $0.46 during trading on Tuesday, reaching $55.52. The stock had a trading volume of 56,704 shares, compared to its average volume of 84,219. The stock’s 50 day moving average is $59.69 and its two-hundred day moving average is $57.21. NXG NextGen Infrastructure Income Fund has a one year low of $45.80 and a one year high of $65.78.

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.