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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) announced a monthly dividend on Tuesday, September 3rd,Wall Street Journal reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.54 per share on Friday, November 29th. This represents a $6.48 dividend on an annualized basis and a yield of 13.70%. The ex-dividend date of this dividend is Friday, November 15th.

NXG NextGen Infrastructure Income Fund has raised its dividend by an average of 0.3% annually over the last three years.

NXG NextGen Infrastructure Income Fund Stock Down 0.1 %

Shares of NYSE:NXG opened at $47.30 on Wednesday. The company has a 50-day moving average price of $42.93 and a 200-day moving average price of $41.14. NXG NextGen Infrastructure Income Fund has a 12 month low of $30.32 and a 12 month high of $47.71.

Insider Buying and Selling at NXG NextGen Infrastructure Income Fund

In other news, insider John Alban sold 1,234 shares of NXG NextGen Infrastructure Income Fund stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $41.34, for a total value of $51,013.56. The sale was disclosed in a document filed with the SEC, which is available through this link.

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.