NXG NextGen Infrastructure Income Fund (NYSE:NXG – Get Free Report) announced a monthly dividend on Monday, February 5th, Wall Street Journal reports. Stockholders of record on Friday, March 15th will be paid a dividend of 0.54 per share on Thursday, March 28th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 18.51%. The ex-dividend date is Thursday, March 14th.
NXG NextGen Infrastructure Income Fund Stock Performance
NXG opened at $35.01 on Wednesday. The business has a 50 day moving average of $34.55. NXG NextGen Infrastructure Income Fund has a 1 year low of $30.32 and a 1 year high of $42.29.
Insider Buying and Selling
In related news, insider Jerry V. Swank bought 8,900 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were acquired at an average cost of $33.75 per share, with a total value of $300,375.00. Following the completion of the transaction, the insider now owns 33,900 shares of the company’s stock, valued at $1,144,125. The transaction was disclosed in a filing with the SEC, which is available at 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.
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