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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) announced a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Shareholders of record on Tuesday, September 17th will be paid a dividend of 0.54 per share on Monday, September 30th. This represents a $6.48 annualized dividend and a yield of 15.71%. The ex-dividend date is Tuesday, September 17th.

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 Price Performance

Shares of NXG NextGen Infrastructure Income Fund stock opened at $41.25 on Monday. The firm has a fifty day moving average price of $39.29 and a 200 day moving average price of $39.73. NXG NextGen Infrastructure Income Fund has a 1 year low of $30.32 and a 1 year high of $43.65.

Insider Buying and Selling at NXG NextGen Infrastructure Income Fund

In related news, COO Todd Sunderland bought 956 shares of the stock in a transaction dated Monday, July 15th. The shares were purchased at an average price of $39.96 per share, for a total transaction of $38,201.76. Following the completion of the purchase, the chief operating officer now directly owns 956 shares of the company’s stock, valued at $38,201.76. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders purchased 1,523 shares of company stock worth $60,662.

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.