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 Tuesday, February 4th,Wall Street Journal reports. Stockholders of record on Thursday, May 15th will be paid a dividend of 0.54 per share on Friday, May 30th. This represents a $6.48 annualized dividend and a dividend yield of 13.21%. The ex-dividend date of this dividend is Thursday, May 15th.

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

NXG NextGen Infrastructure Income Fund Trading Up 0.2 %

NXG traded up $0.10 during trading on Tuesday, hitting $49.05. The company had a trading volume of 25,102 shares, compared to its average volume of 35,377. NXG NextGen Infrastructure Income Fund has a 1-year low of $34.31 and a 1-year high of $53.84. The business has a 50-day moving average of $47.47 and a 200-day moving average of $43.98.

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.