NXG NextGen Infrastructure Income Fund (NXG) to Issue Monthly Dividend of $0.60 on June 30th

NXG NextGen Infrastructure Income Fund (NYSE:NXG) declared a monthly dividend on Tuesday, June 2nd. Investors of record on Monday, June 15th will be given a dividend of 0.60 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 12.1%. The ex-dividend date is Monday, June 15th. This is a 11.1% increase from NXG NextGen Infrastructure Income Fund’s previous monthly dividend of $0.54.

NXG NextGen Infrastructure Income Fund Stock Performance

NXG opened at $59.70 on Thursday. NXG NextGen Infrastructure Income Fund has a twelve month low of $45.05 and a twelve month high of $60.84. The firm’s 50-day moving average price is $56.16 and its 200 day moving average price is $53.08.

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.