NXG NextGen Infrastructure Income Fund (NYSE:NXG) Raises Dividend to $0.60 Per Share

NXG NextGen Infrastructure Income Fund (NYSE:NXG) declared a monthly dividend on Tuesday, June 2nd. Stockholders of record on Monday, June 15th will be paid a dividend of 0.60 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 12.2%. The ex-dividend date of this dividend is Monday, June 15th. This is a 11.1% increase from NXG NextGen Infrastructure Income Fund’s previous monthly dividend of $0.54.

NXG NextGen Infrastructure Income Fund Trading Up 0.8%

Shares of NXG NextGen Infrastructure Income Fund stock opened at $59.13 on Wednesday. The business’s 50-day moving average price is $56.00 and its 200-day moving average price is $52.94. NXG NextGen Infrastructure Income Fund has a 12 month low of $45.05 and a 12 month high of $60.84.

About NXG NextGen Infrastructure Income Fund

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.