Neuberger Berman Next Generation Connectivity Fund Inc. (NBXG) to Issue Monthly Dividend of $0.12 on June 30th

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) announced a monthly dividend on Friday, May 29th. Investors of record on Monday, June 15th will be given a dividend of 0.12 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Monday, June 15th.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of Neuberger Berman Next Generation Connectivity Fund stock traded up $0.27 during midday trading on Friday, hitting $16.18. The company had a trading volume of 157,757 shares, compared to its average volume of 220,984. The company has a 50 day moving average of $15.07 and a 200 day moving average of $14.34. Neuberger Berman Next Generation Connectivity Fund has a 52-week low of $12.32 and a 52-week high of $16.94.

Institutional Trading of Neuberger Berman Next Generation Connectivity Fund

Several hedge funds and other institutional investors have recently made changes to their positions in NBXG. Geneos Wealth Management Inc. purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the 1st quarter worth approximately $57,000. Invesco Ltd. bought a new position in Neuberger Berman Next Generation Connectivity Fund in the 2nd quarter valued at approximately $303,000. Raymond James Financial Inc. lifted its position in Neuberger Berman Next Generation Connectivity Fund by 2.0% in the 2nd quarter. Raymond James Financial Inc. now owns 766,255 shares of the company’s stock valued at $11,187,000 after acquiring an additional 14,953 shares in the last quarter. Bank of America Corp DE lifted its position in Neuberger Berman Next Generation Connectivity Fund by 71.9% in the 2nd quarter. Bank of America Corp DE now owns 946,968 shares of the company’s stock valued at $13,826,000 after acquiring an additional 395,994 shares in the last quarter. Finally, Captrust Financial Advisors bought a new position in Neuberger Berman Next Generation Connectivity Fund in the 2nd quarter valued at approximately $153,000.

About Neuberger Berman Next Generation Connectivity Fund

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.