NXG NextGen Infrastructure Income Fund (NYSE:NXG – Get Free Report) announced a monthly dividend on Wednesday, June 5th, Wall Street Journal reports. Investors of record on Thursday, August 15th will be given a dividend of 0.54 per share on Friday, August 30th. This represents a $6.48 annualized dividend and a yield of 16.86%. The ex-dividend date is Thursday, August 15th.
NXG NextGen Infrastructure Income Fund has increased its dividend by an average of 0.3% annually over the last three years.
NXG NextGen Infrastructure Income Fund Stock Performance
NYSE:NXG opened at $38.44 on Tuesday. The stock’s 50-day moving average price is $40.02 and its 200-day moving average price is $38.88. NXG NextGen Infrastructure Income Fund has a 52 week low of $30.32 and a 52 week high of $43.65.
Insider Transactions at NXG NextGen Infrastructure Income Fund
In other news, COO Todd Sunderland bought 956 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were bought at an average cost of $39.96 per share, for a total transaction of $38,201.76. Following the acquisition, the chief operating officer now directly owns 956 shares of the company’s stock, valued at approximately $38,201.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
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.
See Also
Receive News & Ratings for NXG NextGen Infrastructure Income Fund Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NXG NextGen Infrastructure Income Fund and related companies with MarketBeat.com’s FREE daily email newsletter.
