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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) announced a monthly dividend on Thursday, September 5th, Wall Street Journal reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.54 per share on Thursday, October 31st. This represents a $6.48 dividend on an annualized basis and a yield of 16.16%. The ex-dividend date of this dividend is Tuesday, October 15th.

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

NXG NextGen Infrastructure Income Fund Price Performance

NXG stock opened at $40.10 on Friday. The firm has a 50 day simple moving average of $39.41 and a two-hundred day simple moving average of $39.47. NXG NextGen Infrastructure Income Fund has a one year low of $30.32 and a one year high of $43.65.

Insider Transactions at NXG NextGen Infrastructure Income Fund

In other news, COO Todd Sunderland purchased 956 shares of the stock in a transaction on Monday, July 15th. The shares were acquired at an average price of $39.96 per share, for a total transaction of $38,201.76. Following the completion of the transaction, the chief operating officer now directly owns 956 shares of the company’s stock, valued at approximately $38,201.76. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

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.