NXG NextGen Infrastructure Income Fund Plans Monthly Dividend of $0.60 (NYSE:NXG)

NXG NextGen Infrastructure Income Fund (NYSE:NXG) declared a monthly dividend on Tuesday, June 2nd. Investors of record on Wednesday, July 15th will be paid a dividend of 0.60 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 12.2%. The ex-dividend date is Wednesday, July 15th.

NXG NextGen Infrastructure Income Fund Price Performance

Shares of NYSE:NXG opened at $59.13 on Wednesday. The firm has a 50 day simple moving average of $56.00 and a 200 day simple moving average of $52.94. NXG NextGen Infrastructure Income Fund has a one year low of $45.05 and a one year high of $60.84.

Insider Activity

In other NXG NextGen Infrastructure Income Fund news, COO Todd Sunderland purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average price of $52.66 per share, with a total value of $105,320.00. Following the completion of the purchase, the chief operating officer owned 2,409 shares of the company’s stock, valued at approximately $126,857.94. The trade was a 489.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have acquired a total of 3,931 shares of company stock worth $215,607 over the last ninety days.

Institutional Investors Weigh In On NXG NextGen Infrastructure Income Fund

Several large investors have recently modified their holdings of NXG. Ausdal Financial Partners Inc. increased its position in shares of NXG NextGen Infrastructure Income Fund by 1.9% during the second quarter. Ausdal Financial Partners Inc. now owns 25,573 shares of the company’s stock worth $1,286,000 after buying an additional 482 shares during the period. J.W. Cole Advisors Inc. increased its position in shares of NXG NextGen Infrastructure Income Fund by 7.3% during the third quarter. J.W. Cole Advisors Inc. now owns 37,053 shares of the company’s stock worth $1,806,000 after buying an additional 2,507 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of NXG NextGen Infrastructure Income Fund by 70.1% during the third quarter. Oppenheimer & Co. Inc. now owns 8,082 shares of the company’s stock worth $394,000 after buying an additional 3,332 shares during the period. Stratos Wealth Advisors LLC increased its position in shares of NXG NextGen Infrastructure Income Fund by 19.7% during the third quarter. Stratos Wealth Advisors LLC now owns 7,299 shares of the company’s stock worth $356,000 after buying an additional 1,200 shares during the period. Finally, Keener Financial Planning LLC acquired a new stake in shares of NXG NextGen Infrastructure Income Fund during the third quarter worth $146,000.

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.