Neuberger Berman Next Generation Connectivity Fund Inc. (NBXG) to Issue Monthly Dividend of $0.12 on March 31st

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) announced a monthly dividend on Friday, February 27th. Stockholders of record on Monday, March 16th will be paid a dividend of 0.12 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend is Monday, March 16th.

Neuberger Berman Next Generation Connectivity Fund Trading Down 1.1%

Shares of NYSE NBXG traded down $0.14 during midday trading on Friday, hitting $12.87. The company’s stock had a trading volume of 190,332 shares, compared to its average volume of 248,507. The business’s fifty day simple moving average is $13.86 and its two-hundred day simple moving average is $14.50. Neuberger Berman Next Generation Connectivity Fund has a 1 year low of $10.05 and a 1 year high of $15.65.

Hedge Funds Weigh In On Neuberger Berman Next Generation Connectivity Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nemes Rush Group LLC purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the second quarter worth $33,000. Kestra Advisory Services LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth $47,000. Geneos Wealth Management Inc. acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the 1st quarter worth $57,000. Global Retirement Partners LLC purchased a new stake in Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth about $62,000. Finally, Activest Wealth Management purchased a new stake in Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth about $108,000.

About Neuberger Berman Next Generation Connectivity Fund

The Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG) is an actively managed, closed-end fund dedicated to investing in companies driving the evolution of global connectivity infrastructure. Launched in February 2024 by Neuberger Berman, NBXG seeks total return by building a diversified portfolio of equity and equity-related securities in firms involved in 5G networks, fiber-optic systems, satellite communications, data centers, cloud computing, and other emerging technologies that support faster and more reliable digital connections.

Under its investment strategy, NBXG allocates capital across hardware and software providers, telecommunications carriers, semiconductor manufacturers, and equipment suppliers that benefit from the rollout and expansion of next-generation networks.