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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) announced a monthly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders of record on Thursday, May 15th will be paid a dividend of 0.54 per share on Friday, May 30th. This represents a $6.48 annualized dividend and a dividend yield of 13.06%. The ex-dividend date is Thursday, May 15th.

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

NXG NextGen Infrastructure Income Fund Price Performance

NYSE NXG traded up $0.58 during trading hours on Wednesday, reaching $49.62. The company’s stock had a trading volume of 2,196 shares, compared to its average volume of 33,887. The company’s 50-day moving average is $47.47 and its two-hundred day moving average is $43.98. NXG NextGen Infrastructure Income Fund has a fifty-two week low of $34.31 and a fifty-two week high of $53.84.

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.