Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) to Issue $0.12 Monthly Dividend

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) announced a monthly dividend on Friday, May 29th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.12 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend is Monday, June 15th.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NYSE:NBXG traded up $0.27 during trading hours on Friday, hitting $16.18. 157,757 shares of the company’s stock traded hands, compared to its average volume of 220,984. Neuberger Berman Next Generation Connectivity Fund has a 52 week low of $12.32 and a 52 week high of $16.94. The company’s fifty day simple moving average is $15.07 and its two-hundred day simple moving average is $14.34.

About Neuberger Berman Next Generation Connectivity Fund

The Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG) is an actively managed, closed-end fund dedicated to investing in companies driving the evolution of global connectivity infrastructure. Launched in February 2024 by Neuberger Berman, NBXG seeks total return by building a diversified portfolio of equity and equity-related securities in firms involved in 5G networks, fiber-optic systems, satellite communications, data centers, cloud computing, and other emerging technologies that support faster and more reliable digital connections.

Under its investment strategy, NBXG allocates capital across hardware and software providers, telecommunications carriers, semiconductor manufacturers, and equipment suppliers that benefit from the rollout and expansion of next-generation networks.