NXG NextGen Infrastructure Income Fund (NXG) to Issue Monthly Dividend of $0.54 on December 31st

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 paid a dividend of 0.54 per share on Tuesday, December 31st. This represents a $6.48 annualized dividend and a yield of 13.82%. The ex-dividend date is Monday, December 16th.

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

NXG NextGen Infrastructure Income Fund Stock Up 1.1 %

Shares of NXG stock opened at $46.88 on Friday. NXG NextGen Infrastructure Income Fund has a 1 year low of $32.04 and a 1 year high of $53.84. The firm’s fifty day simple moving average is $46.49 and its 200 day simple moving average is $42.45.

Insider Buying and Selling at NXG NextGen Infrastructure Income Fund

In other news, insider John Alban sold 1,234 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $41.34, for a total transaction of $51,013.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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.