NXG NextGen Infrastructure Income Fund (NYSE:NXG) to Issue $0.54 Monthly Dividend

NXG NextGen Infrastructure Income Fund (NYSE:NXG) declared a monthly dividend on Tuesday, September 3rd, Wall Street Journal reports. Investors of record on Tuesday, September 17th will be paid a dividend of 0.54 per share on Monday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 15.71%. The ex-dividend date of this dividend is Tuesday, September 17th.

NXG NextGen Infrastructure Income Fund has increased its dividend payment by an average of 0.3% per year over the last three years.

NXG NextGen Infrastructure Income Fund Stock Up 1.4 %

Shares of NYSE:NXG opened at $41.25 on Monday. NXG NextGen Infrastructure Income Fund has a 12 month low of $30.32 and a 12 month high of $43.65. The company has a 50-day moving average price of $39.29 and a 200 day moving average price of $39.73.

Insider Activity at NXG NextGen Infrastructure Income Fund

In other news, COO Todd Sunderland acquired 956 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was acquired at an average price of $39.96 per share, with a total value of $38,201.76. Following the completion of the purchase, the chief operating officer now directly owns 956 shares in the company, valued at $38,201.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders acquired 1,523 shares of company stock valued at $60,662.

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.