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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) announced a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Stockholders of record on Friday, August 15th will be given a dividend of 0.54 per share on Friday, August 29th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 13.32%. The ex-dividend date of this dividend is Friday, August 15th.

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

NXG NextGen Infrastructure Income Fund Stock Performance

Shares of NXG stock opened at $48.65 on Thursday. NXG NextGen Infrastructure Income Fund has a twelve month low of $34.83 and a twelve month high of $53.84. The business has a fifty day simple moving average of $44.66 and a 200 day simple moving average of $46.68.

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.