NXG NextGen Infrastructure Income Fund (NYSE:NXG) Plans $0.60 Monthly Dividend

NXG NextGen Infrastructure Income Fund (NYSE:NXG) announced a monthly dividend on Tuesday, September 1st. Investors of record on Monday, November 16th will be given a dividend of 0.60 per share on Monday, November 30th. This represents a c) annualized dividend and a dividend yield of 13.0%. The ex-dividend date is Monday, November 16th.

NXG NextGen Infrastructure Income Fund Trading Down 0.8%

NYSE:NXG opened at $55.52 on Wednesday. NXG NextGen Infrastructure Income Fund has a 1 year low of $45.80 and a 1 year high of $65.78. The firm’s fifty day simple moving average is $59.63 and its 200 day simple moving average is $57.22.

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.