NXG NextGen Infrastructure Income Fund (NYSE:NXG) to Issue Dividend of $0.54

NXG NextGen Infrastructure Income Fund (NYSE:NXG) declared a dividend on Sunday, February 16th,investing.com reports. Shareholders of record on Wednesday, February 19th will be given a dividend of 0.54 per share on Friday, February 28th. This represents a yield of 13.02%. The ex-dividend date of this dividend is Tuesday, February 18th.

NXG NextGen Infrastructure Income Fund has increased its dividend payment by an average of 96.6% annually over the last three years.

NXG NextGen Infrastructure Income Fund Stock Up 0.5 %

Shares of NXG stock traded up $0.26 on Friday, hitting $49.79. The company’s stock had a trading volume of 32,565 shares, compared to its average volume of 31,692. The firm’s fifty day moving average price is $47.22 and its 200-day moving average price is $44.62. NXG NextGen Infrastructure Income Fund has a fifty-two week low of $34.53 and a fifty-two week high of $53.84.

About NXG NextGen Infrastructure Income Fund

NXG NextGen Infrastructure Income Fund is a closed ended equity mutual fund launched and managed by Cushing MLP Asset Management, LP. The fund invests in stocks of companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services and logistics companies, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies.