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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) declared a monthly dividend on Wednesday, June 5th, Wall Street Journal reports. Investors of record on Thursday, August 15th will be paid a dividend of 0.54 per share on Friday, August 30th. This represents a $6.48 dividend on an annualized basis and a yield of 16.85%. The ex-dividend date is Thursday, August 15th.

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

NXG NextGen Infrastructure Income Fund Stock Performance

Shares of NXG opened at $38.46 on Wednesday. NXG NextGen Infrastructure Income Fund has a 1-year low of $30.32 and a 1-year high of $43.65. The company’s fifty day simple moving average is $39.94 and its 200 day simple moving average is $38.90.

Insider Buying and Selling

In other news, COO Todd Sunderland bought 956 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were acquired at an average cost of $39.96 per share, for a total transaction of $38,201.76. Following the completion of the acquisition, the chief operating officer now owns 956 shares in the company, valued at $38,201.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.