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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) declared a monthly dividend on Monday, February 2nd. Shareholders of record on Thursday, April 16th will be given a dividend of 0.54 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Thursday, April 16th.

NXG NextGen Infrastructure Income Fund Trading Up 0.3%

Shares of NXG NextGen Infrastructure Income Fund stock opened at $50.90 on Tuesday. The firm has a 50-day simple moving average of $50.18 and a two-hundred day simple moving average of $49.07. NXG NextGen Infrastructure Income Fund has a fifty-two week low of $35.22 and a fifty-two week high of $53.38.

Insider Buying and Selling at NXG NextGen Infrastructure Income Fund

In other NXG NextGen Infrastructure Income Fund news, Director John Alban bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were purchased at an average price of $50.38 per share, for a total transaction of $50,380.00. Following the transaction, the director directly owned 1,000 shares of the company’s stock, valued at approximately $50,380. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On NXG NextGen Infrastructure Income Fund

A number of large investors have recently added to or reduced their stakes in the stock. Stratos Wealth Advisors LLC lifted its holdings in NXG NextGen Infrastructure Income Fund by 2.7% during the fourth quarter. Stratos Wealth Advisors LLC now owns 7,499 shares of the company’s stock valued at $379,000 after purchasing an additional 200 shares in the last quarter. Ausdal Financial Partners Inc. lifted its stake in NXG NextGen Infrastructure Income Fund by 1.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 25,573 shares of the company’s stock valued at $1,286,000 after buying an additional 482 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in NXG NextGen Infrastructure Income Fund in the 4th quarter valued at about $39,000. UBS Group AG boosted its holdings in NXG NextGen Infrastructure Income Fund by 7.6% in the 3rd quarter. UBS Group AG now owns 12,529 shares of the company’s stock worth $611,000 after buying an additional 889 shares during the last quarter. Finally, CoreCap Advisors LLC increased its stake in NXG NextGen Infrastructure Income Fund by 3.0% during the 4th quarter. CoreCap Advisors LLC now owns 45,925 shares of the company’s stock worth $2,319,000 after buying an additional 1,335 shares in the last quarter.

About NXG NextGen Infrastructure Income Fund

NextGen Infrastructure Income Fund (NYSE: NXG) is a closed-end management investment company that seeks to provide shareholders with high current income and, to a lesser extent, capital appreciation by investing primarily in infrastructure-related assets. The fund’s portfolio typically includes debt and equity securities issued by companies operating in energy, utilities, transportation and communications infrastructure sectors. NXG’s investment strategy blends fixed income instruments—such as corporate bonds and preferred stock—with select equity holdings to build a diversified income-oriented portfolio.

To pursue its objectives, NXG combines thorough credit analysis and sector allocation with active risk management.