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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) announced a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Investors of record on Monday, December 16th will be given a dividend of 0.54 per share on Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a yield of 12.93%. The ex-dividend date is Monday, December 16th.

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

NXG NextGen Infrastructure Income Fund Stock Down 5.8 %

Shares of NXG traded down $3.11 during mid-day trading on Tuesday, hitting $50.12. 105,219 shares of the company’s stock were exchanged, compared to its average volume of 30,846. The stock’s 50-day simple moving average is $45.54 and its 200-day simple moving average is $42.09. NXG NextGen Infrastructure Income Fund has a 52 week low of $32.04 and a 52 week high of $53.84.

Insider Buying and Selling

In other news, insider John Alban sold 1,234 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $41.34, for a total transaction of $51,013.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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.