NXG NextGen Infrastructure Income Fund (NXG) to Distribute Monthly Dividend of $0.54 on October 31st

NXG NextGen Infrastructure Income Fund (NYSE:NXG) declared a monthly dividend on Tuesday, September 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, October 15th will be paid a dividend of 0.54 per share on Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date is Wednesday, October 15th.

NXG NextGen Infrastructure Income Fund Stock Performance

NXG stock opened at $49.23 on Monday. NXG NextGen Infrastructure Income Fund has a 52-week low of $35.22 and a 52-week high of $53.84. The stock’s fifty day simple moving average is $47.82 and its 200-day simple moving average is $47.13.

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.