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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) announced a monthly dividend on Tuesday, February 4th,Wall Street Journal reports. Investors of record on Thursday, May 15th will be given a dividend of 0.54 per share on Friday, May 30th. This represents a $6.48 dividend on an annualized basis and a yield of 13.06%. The ex-dividend date is Thursday, May 15th.

NXG NextGen Infrastructure Income Fund has raised its dividend payment by an average of 96.6% annually over the last three years.

NXG NextGen Infrastructure Income Fund Trading Up 1.2 %

NXG NextGen Infrastructure Income Fund stock traded up $0.58 during mid-day trading on Wednesday, reaching $49.62. The company had a trading volume of 2,196 shares, compared to its average volume of 33,887. The stock’s 50-day simple moving average is $47.47 and its 200-day simple moving average is $43.98. NXG NextGen Infrastructure Income Fund has a 1 year low of $34.31 and a 1 year high of $53.84.

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.