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

Posted by Lindsey Winhoffer on Sep 16th, 2024

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

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

NXG NextGen Infrastructure Income Fund Stock Up 1.4 %

NYSE NXG opened at $41.25 on Monday. The stock has a 50-day moving average of $39.29 and a 200 day moving average of $39.73. NXG NextGen Infrastructure Income Fund has a twelve month low of $30.32 and a twelve month high of $43.65.

Insider Buying and Selling at NXG NextGen Infrastructure Income Fund

In other NXG NextGen Infrastructure Income Fund news, COO Todd Sunderland bought 956 shares of the stock in a transaction on Monday, July 15th. The shares were bought at an average price of $39.96 per share, with a total value of $38,201.76. Following the purchase, the chief operating officer now directly owns 956 shares in the company, valued at approximately $38,201.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought 1,523 shares of company stock valued at $60,662 over the last quarter.

NXG NextGen Infrastructure Income Fund Company Profile

(Get Free Report)

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.