NXG NextGen Infrastructure Income Fund Announces Monthly Dividend of $0.60 (NYSE:NXG)

NXG NextGen Infrastructure Income Fund (NYSE:NXG) declared a monthly dividend on Tuesday, June 2nd. Shareholders of record on Monday, August 17th will be given a dividend of 0.60 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date is Monday, August 17th.

NXG NextGen Infrastructure Income Fund Price Performance

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

Insiders Place Their Bets

In related news, COO Todd Sunderland acquired 2,000 shares of the stock in a transaction on Tuesday, March 10th. The shares were bought at an average price of $52.66 per share, with a total value of $105,320.00. Following the completion of the purchase, the chief operating officer owned 2,409 shares of the company’s stock, valued at approximately $126,857.94. This represents a 489.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired a total of 3,931 shares of company stock worth $215,607 over the last quarter.

Hedge Funds Weigh In On NXG NextGen Infrastructure Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ausdal Financial Partners Inc. lifted its stake in shares of NXG NextGen Infrastructure Income Fund by 1.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 25,573 shares of the company’s stock valued at $1,286,000 after purchasing an additional 482 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of NXG NextGen Infrastructure Income Fund by 7.3% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 37,053 shares of the company’s stock valued at $1,806,000 after buying an additional 2,507 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of NXG NextGen Infrastructure Income Fund by 70.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 8,082 shares of the company’s stock valued at $394,000 after buying an additional 3,332 shares during the period. Stratos Wealth Advisors LLC raised its holdings in shares of NXG NextGen Infrastructure Income Fund by 19.7% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 7,299 shares of the company’s stock valued at $356,000 after buying an additional 1,200 shares during the period. Finally, Keener Financial Planning LLC purchased a new stake in NXG NextGen Infrastructure Income Fund during the 3rd quarter worth about $146,000.

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.