NXG NextGen Infrastructure Income Fund (NYSE:NXG – Get Free Report)’s share price dropped 1.9% during mid-day trading on Wednesday . The company traded as low as $38.48 and last traded at $38.90. Approximately 31,981 shares changed hands during mid-day trading, an increase of 26% from the average daily volume of 25,426 shares. The stock had previously closed at $39.64.
NXG NextGen Infrastructure Income Fund Price Performance
The stock’s 50-day moving average is $38.27.
NXG NextGen Infrastructure Income Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a $0.54 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 16.66%. The ex-dividend date of this dividend is Tuesday, May 14th. NXG NextGen Infrastructure Income Fund’s dividend payout ratio is presently -2,362.50%.
Institutional Inflows and Outflows
NXG NextGen Infrastructure Income Fund Company Profile
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.
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