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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) declared a monthly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 13.18%. The ex-dividend date of this dividend is Thursday, May 15th.

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

NXG NextGen Infrastructure Income Fund Trading Up 0.2 %

Shares of NYSE NXG opened at $49.16 on Thursday. The firm’s fifty day moving average is $47.43 and its two-hundred day moving average is $44.05. NXG NextGen Infrastructure Income Fund has a 52-week low of $34.31 and a 52-week 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.