NXG NextGen Infrastructure Income Fund (NYSE:NXG) Declares $0.54 Dividend

NXG NextGen Infrastructure Income Fund (NYSE:NXG) declared a dividend on Sunday, February 16th,investing.com reports. Shareholders of record on Wednesday, February 19th will be paid a dividend of 0.54 per share on Friday, February 28th. This represents a yield of 13.02%. The ex-dividend date of this dividend is Tuesday, February 18th.

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 Stock Performance

Shares of NXG stock traded up $0.26 during mid-day trading on Friday, reaching $49.79. 32,565 shares of the stock traded hands, compared to its average volume of 31,692. The stock’s fifty day simple moving average is $47.22 and its two-hundred day simple moving average is $44.62. NXG NextGen Infrastructure Income Fund has a 1-year low of $34.53 and a 1-year high of $53.84.

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.