Neuberger Berman Next Generation Connectivity Fund Inc. (NBXG) to Issue Monthly Dividend of $0.12 on February 27th

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) announced a monthly dividend on Friday, January 30th. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.12 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 10.8%. The ex-dividend date of this dividend is Tuesday, February 17th.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NBXG stock opened at $13.39 on Friday. Neuberger Berman Next Generation Connectivity Fund has a one year low of $10.05 and a one year high of $15.65. The firm has a 50 day simple moving average of $14.31 and a two-hundred day simple moving average of $14.70.

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.