Neuberger Berman Next Generation Connectivity Fund Inc. (NBXG) to Issue Monthly Dividend of $0.12 on December 31st

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) announced a monthly dividend on Friday, November 28th. Stockholders of record on Monday, December 15th will be paid a dividend of 0.12 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date is Monday, December 15th.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

NBXG stock traded down $0.20 on Friday, reaching $14.41. The company’s stock had a trading volume of 196,816 shares, compared to its average volume of 205,208. The business has a fifty day simple moving average of $14.83 and a two-hundred day simple moving average of $14.66. Neuberger Berman Next Generation Connectivity Fund has a 12-month low of $10.05 and a 12-month high of $15.65.

Institutional Investors Weigh In On Neuberger Berman Next Generation Connectivity Fund

A number of large investors have recently modified their holdings of the stock. Advisors Asset Management Inc. increased its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 0.4% during the second quarter. Advisors Asset Management Inc. now owns 176,315 shares of the company’s stock valued at $2,574,000 after purchasing an additional 789 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 1.9% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 46,290 shares of the company’s stock worth $712,000 after buying an additional 856 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in Neuberger Berman Next Generation Connectivity Fund by 6.1% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 23,096 shares of the company’s stock valued at $355,000 after buying an additional 1,325 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in Neuberger Berman Next Generation Connectivity Fund by 1.1% during the third quarter. Cornerstone Wealth Management LLC now owns 129,777 shares of the company’s stock valued at $1,996,000 after buying an additional 1,419 shares during the last quarter. Finally, Nemes Rush Group LLC purchased a new position in Neuberger Berman Next Generation Connectivity Fund during the second quarter valued at $33,000.

Neuberger Berman Next Generation Connectivity Fund Company Profile

Neuberger Berman Next Generation Connectivity Fund Inc (NBXG) is a newly organized, non-diversified, limited term closed-end management investment company focused on next generation mobile network connectivity and technology.

The Fund’s investment strategy focuses on equity securities issued by U.S.