NXG NextGen Infrastructure Income Fund to Issue Monthly Dividend of $0.54 (NYSE:NXG)

NXG NextGen Infrastructure Income Fund (NYSE:NXG) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.54 per share on Friday, February 28th. This represents a $6.48 annualized dividend and a dividend yield of 13.21%. The ex-dividend date of this dividend is Tuesday, February 18th.

NXG NextGen Infrastructure Income Fund has raised its dividend payment by an average of 96.6% annually over the last three years.

NXG NextGen Infrastructure Income Fund Price Performance

NXG traded up $0.10 during mid-day trading on Tuesday, hitting $49.05. 25,102 shares of the stock were exchanged, compared to its average volume of 35,377. The firm’s fifty day moving average is $47.47 and its two-hundred day moving average is $43.98. NXG NextGen Infrastructure Income Fund has a 1-year low of $34.31 and a 1-year high of $53.84.

NXG NextGen Infrastructure Income Fund Company Profile

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.