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 Tuesday, December 2nd. Stockholders of record on Friday, January 16th will be paid a dividend of 0.54 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend is Friday, January 16th.

NXG NextGen Infrastructure Income Fund Stock Performance

Shares of NXG traded down $0.04 during trading hours on Tuesday, hitting $50.24. The stock had a trading volume of 58,876 shares, compared to its average volume of 44,632. The firm has a 50-day moving average price of $49.19 and a 200 day moving average price of $48.52. NXG NextGen Infrastructure Income Fund has a fifty-two week low of $35.22 and a fifty-two week high of $53.38.

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.