NXG NextGen Infrastructure Income Fund (NYSE:NXG) to Issue $0.60 Monthly Dividend

NXG NextGen Infrastructure Income Fund (NYSE:NXG) declared a monthly dividend on Tuesday, June 2nd. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.60 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 12.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

NXG NextGen Infrastructure Income Fund Stock Performance

NXG NextGen Infrastructure Income Fund stock opened at $59.13 on Wednesday. NXG NextGen Infrastructure Income Fund has a 1 year low of $45.05 and a 1 year high of $60.84. The company’s 50-day moving average is $56.00 and its two-hundred day moving average is $52.94.

NXG NextGen Infrastructure Income Fund Company Profile

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.