Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Plans $0.12 Monthly Dividend

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) announced a monthly dividend on Friday, July 31st. Investors of record on Monday, August 17th will be given a dividend of 0.12 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend is Monday, August 17th.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NYSE:NBXG opened at $15.87 on Friday. Neuberger Berman Next Generation Connectivity Fund has a 12-month low of $12.32 and a 12-month high of $17.43. The firm has a 50-day moving average price of $15.72 and a 200 day moving average price of $14.70.

Neuberger Berman Next Generation Connectivity Fund Company Profile

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.