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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) declared a monthly dividend on Tuesday, June 2nd. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.60 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

NXG NextGen Infrastructure Income Fund Price Performance

Shares of NYSE NXG opened at $59.13 on Wednesday. The business’s 50 day moving average price is $56.00 and its two-hundred day moving average price is $52.94. NXG NextGen Infrastructure Income Fund has a twelve month low of $45.05 and a twelve month high of $60.84.

NXG NextGen Infrastructure Income Fund Company Profile

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.