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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) declared a monthly dividend on Tuesday, September 3rd,Wall Street Journal reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.54 per share on Friday, November 29th. This represents a $6.48 annualized dividend and a yield of 13.76%. The ex-dividend date of this dividend is Friday, November 15th.

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

NXG NextGen Infrastructure Income Fund Stock Performance

NYSE NXG opened at $47.11 on Thursday. NXG NextGen Infrastructure Income Fund has a 1 year low of $30.32 and a 1 year high of $47.71. The company has a fifty day moving average of $43.06 and a two-hundred day moving average of $41.20.

Insider Buying and Selling

In related news, insider John Alban sold 1,234 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $41.34, for a total transaction of $51,013.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.