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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) declared a monthly dividend on Tuesday, September 3rd,Wall Street Journal reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.54 per share on Friday, November 29th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 13.76%. The ex-dividend date is Friday, November 15th.

NXG NextGen Infrastructure Income Fund has increased its dividend payment by an average of 0.3% per year over the last three years.

NXG NextGen Infrastructure Income Fund Price Performance

Shares of NXG opened at $47.11 on Thursday. The firm has a 50 day simple moving average of $43.06 and a 200-day simple moving average of $41.20. NXG NextGen Infrastructure Income Fund has a 1-year low of $30.32 and a 1-year high of $47.71.

Insider Transactions at NXG NextGen Infrastructure Income Fund

In other news, insider John Alban sold 1,234 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $41.34, for a total transaction of $51,013.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.