NXG NextGen Infrastructure Income Fund (NYSE:NXG) Plans $0.54 Monthly Dividend

Posted by David Hasegawa on Dec 4th, 2024

NXG NextGen Infrastructure Income Fund (NYSE:NXG – Get Free Report) declared a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.54 per share on Tuesday, December 31st. This represents a $6.48 annualized dividend and a yield of 12.93%. The ex-dividend date is Monday, December 16th.

NXG NextGen Infrastructure Income Fund has increased its dividend by an average of 0.3% annually over the last three years.

NXG NextGen Infrastructure Income Fund Stock Performance

Shares of NXG traded down $3.11 on Tuesday, hitting $50.12. 105,219 shares of the stock traded hands, compared to its average volume of 30,846. NXG NextGen Infrastructure Income Fund has a 1 year low of $32.04 and a 1 year high of $53.84. The stock’s 50 day moving average is $45.54 and its two-hundred day moving average is $42.09.

Insider Activity

In other NXG NextGen Infrastructure Income Fund news, insider John Alban sold 1,234 shares of NXG NextGen Infrastructure Income Fund stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $41.34, for a total value of $51,013.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

About NXG NextGen Infrastructure Income Fund

(Get Free Report)

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.