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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) announced a monthly dividend on Tuesday, December 2nd. Stockholders of record on Monday, December 15th will be paid a dividend of 0.54 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date is Monday, December 15th.

NXG NextGen Infrastructure Income Fund Stock Performance

Shares of NXG stock traded up $0.16 during trading hours on Wednesday, hitting $50.44. 14,429 shares of the company were exchanged, compared to its average volume of 44,494. NXG NextGen Infrastructure Income Fund has a one year low of $35.22 and a one year high of $53.38. The business’s 50-day simple moving average is $49.22 and its two-hundred day simple moving average is $48.54.

About NXG NextGen Infrastructure Income Fund

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.