Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) to Issue $0.12 Monthly Dividend

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) announced a monthly dividend on Wednesday, December 31st. Investors of record on Thursday, January 15th will be paid a dividend of 0.12 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date of this dividend is Thursday, January 15th.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

NYSE:NBXG opened at $14.45 on Friday. Neuberger Berman Next Generation Connectivity Fund has a 12 month low of $10.05 and a 12 month high of $15.65. The company’s 50-day moving average price is $14.64 and its two-hundred day moving average price is $14.74.

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.