NXG NextGen Infrastructure Income Fund (NXG) to Issue Dividend of $0.54 on February 28th

NXG NextGen Infrastructure Income Fund (NYSE:NXG) declared a dividend on Sunday, February 16th,investing.com reports. Stockholders of record on Wednesday, February 19th will be given a dividend of 0.54 per share on Friday, February 28th. This represents a dividend yield of 13.02%. The ex-dividend date is Tuesday, February 18th.

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

NXG NextGen Infrastructure Income Fund Stock Up 0.5 %

NXG traded up $0.26 on Friday, hitting $49.79. The company had a trading volume of 32,565 shares, compared to its average volume of 31,692. NXG NextGen Infrastructure Income Fund has a 1 year low of $34.53 and a 1 year high of $53.84. The company’s fifty day moving average price is $47.22 and its 200 day moving average price is $44.62.

About NXG NextGen Infrastructure Income Fund

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.