Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Announces $0.10 Monthly Dividend

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.10 per share on Monday, March 31st. This represents a $1.20 annualized dividend and a yield of 9.46%. The ex-dividend date of this dividend is Monday, March 17th.

Neuberger Berman Next Generation Connectivity Fund has raised its dividend by an average of 55.4% annually over the last three years.

Neuberger Berman Next Generation Connectivity Fund Stock Down 0.8 %

Shares of NYSE NBXG traded down $0.10 during midday trading on Tuesday, hitting $12.69. The stock had a trading volume of 362,351 shares, compared to its average volume of 226,155. Neuberger Berman Next Generation Connectivity Fund has a fifty-two week low of $10.70 and a fifty-two week high of $13.86. The company’s 50-day simple moving average is $13.27 and its 200 day simple moving average is $12.95.

Neuberger Berman Next Generation Connectivity Fund Company Profile

Neuberger Berman Next Generation Connectivity Fund Inc (NBXG) is a newly organized, non-diversified, limited term closed-end management investment company focused on next generation mobile network connectivity and technology.

The Fund’s investment strategy focuses on equity securities issued by U.S.