NXG NextGen Infrastructure Income Fund (NXG) to Issue Monthly Dividend of $0.54 on February 28th

NXG NextGen Infrastructure Income Fund (NYSE:NXG) announced a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.54 per share on Friday, February 28th. This represents a $6.48 annualized dividend and a yield of 13.21%. The ex-dividend date is Tuesday, February 18th.

NXG NextGen Infrastructure Income Fund has raised its dividend payment by an average of 96.6% per year over the last three years.

NXG NextGen Infrastructure Income Fund Stock Performance

NXG NextGen Infrastructure Income Fund stock opened at $49.05 on Wednesday. NXG NextGen Infrastructure Income Fund has a 12 month low of $34.31 and a 12 month high of $53.84. The stock’s 50 day simple moving average is $47.47 and its two-hundred day simple moving average is $43.98.

About NXG NextGen Infrastructure Income Fund

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.