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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) declared a monthly dividend on Thursday, September 5th, Wall Street Journal reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.54 per share on Thursday, October 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 16.02%. The ex-dividend date of this dividend is Tuesday, October 15th.

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

NXG NextGen Infrastructure Income Fund Trading Up 0.4 %

Shares of NXG NextGen Infrastructure Income Fund stock opened at $40.46 on Friday. NXG NextGen Infrastructure Income Fund has a 52-week low of $30.32 and a 52-week high of $43.65. The company’s 50-day simple moving average is $39.46 and its 200-day simple moving average is $39.42.

Insiders Place Their Bets

In related news, COO Todd Sunderland bought 956 shares of the stock in a transaction on Monday, July 15th. The shares were bought at an average cost of $39.96 per share, for a total transaction of $38,201.76. Following the completion of the transaction, the chief operating officer now owns 956 shares of the company’s stock, valued at approximately $38,201.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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.