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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) announced a monthly dividend on Friday, September 6th, 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 dividend on an annualized basis and a yield of 16.16%. The ex-dividend date is Friday, November 15th.

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

NXG NextGen Infrastructure Income Fund Stock Down 0.9 %

Shares of NYSE:NXG opened at $40.10 on Friday. The firm’s 50-day simple moving average is $39.41 and its 200-day simple moving average is $39.47. NXG NextGen Infrastructure Income Fund has a fifty-two week low of $30.32 and a fifty-two week high of $43.65.

Insiders Place Their Bets

In related news, COO Todd Sunderland acquired 956 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were purchased at an average price of $39.96 per share, with a total value of $38,201.76. Following the completion of the acquisition, the chief operating officer now owns 956 shares in the company, valued at $38,201.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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.