Neuberger Berman Next Generation Connectivity Fund Inc. (NBXG) To Go Ex-Dividend on February 14th

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXGGet Free Report) announced a monthly dividend on Wednesday, January 31st, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be paid a dividend of 0.10 per share on Thursday, February 29th. This represents a $1.20 annualized dividend and a yield of 10.14%. The ex-dividend date of this dividend is Wednesday, February 14th.

Neuberger Berman Next Generation Connectivity Fund Stock Up 0.6 %

Shares of NYSE NBXG opened at 11.83 on Monday. Neuberger Berman Next Generation Connectivity Fund has a 1 year low of 9.31 and a 1 year high of 11.89. The stock’s 50-day simple moving average is 11.09 and its 200-day simple moving average is 10.69.

Hedge Funds Weigh In On Neuberger Berman Next Generation Connectivity Fund

Several institutional investors and hedge funds have recently made changes to their positions in NBXG. Morgan Stanley grew its position in shares of Neuberger Berman Next Generation Connectivity Fund by 16.4% in the 3rd quarter. Morgan Stanley now owns 3,029,761 shares of the company’s stock worth $31,570,000 after acquiring an additional 427,291 shares in the last quarter. UBS Group AG raised its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 94.7% during the first quarter. UBS Group AG now owns 1,080,614 shares of the company’s stock worth $11,249,000 after purchasing an additional 525,685 shares during the period. Bank of America Corp DE lifted its position in shares of Neuberger Berman Next Generation Connectivity Fund by 4.6% in the 4th quarter. Bank of America Corp DE now owns 1,058,458 shares of the company’s stock worth $9,627,000 after buying an additional 46,902 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 44.1% in the 1st quarter. Lazard Asset Management LLC now owns 853,716 shares of the company’s stock valued at $11,909,000 after buying an additional 261,238 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Neuberger Berman Next Generation Connectivity Fund by 10.7% during the second quarter. Wells Fargo & Company MN now owns 570,552 shares of the company’s stock worth $5,660,000 after acquiring an additional 55,256 shares during the period.

About Neuberger Berman Next Generation Connectivity Fund

(Get Free Report)

Neuberger Berman Next Generation Connectivity Fund Inc (NBXG) is a newly organized, non-diversified, limited term closed-end management investment company focused on next generation mobile network connectivity and technology.

The Fund’s investment strategy focuses on equity securities issued by U.S.

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Dividend History for Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG)

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