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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) declared a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.60 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date is Tuesday, September 15th.

NXG NextGen Infrastructure Income Fund Price Performance

NYSE:NXG opened at $55.52 on Wednesday. The stock has a 50 day simple moving average of $59.63 and a 200 day simple moving average of $57.22. NXG NextGen Infrastructure Income Fund has a 1-year low of $45.80 and a 1-year high of $65.78.

Insider Activity

In related news, Director John Alban sold 500 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $55.24, for a total value of $27,620.00. Following the transaction, the director directly owned 88 shares in the company, valued at approximately $4,861.12. This represents a 85.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On NXG NextGen Infrastructure Income Fund

Institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp acquired a new stake in NXG NextGen Infrastructure Income Fund during the first quarter worth approximately $5,066,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of NXG NextGen Infrastructure Income Fund by 4,237.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 37,950 shares of the company’s stock valued at $1,916,000 after acquiring an additional 37,075 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of NXG NextGen Infrastructure Income Fund during the 3rd quarter valued at $1,697,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of NXG NextGen Infrastructure Income Fund during the 2nd quarter worth $1,198,000. Finally, Ausdal Financial Partners Inc. bought a new position in shares of NXG NextGen Infrastructure Income Fund in the second quarter worth $819,000.

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.