Neuberger Berman Next Generation Connectivity Fund Inc. Announces Monthly Dividend of $0.12 (NYSE:NBXG)

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) announced a monthly dividend on Friday, May 29th. Stockholders of record on Monday, June 15th will be given a dividend of 0.12 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Monday, June 15th.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of Neuberger Berman Next Generation Connectivity Fund stock traded up $0.27 during mid-day trading on Friday, hitting $16.18. The stock had a trading volume of 157,757 shares, compared to its average volume of 220,984. The firm has a 50-day moving average of $15.07 and a two-hundred day moving average of $14.34. Neuberger Berman Next Generation Connectivity Fund has a 12-month low of $12.32 and a 12-month high of $16.94.

Institutional Trading of Neuberger Berman Next Generation Connectivity Fund

Hedge funds have recently made changes to their positions in the company. Altium Capital Management LLC purchased a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth approximately $2,453,000. Wolverine Asset Management LLC purchased a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth approximately $3,456,000. Compound Planning Inc. purchased a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the 3rd quarter worth approximately $648,000. Blue Bell Private Wealth Management LLC boosted its position in shares of Neuberger Berman Next Generation Connectivity Fund by 13.6% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 360,641 shares of the company’s stock worth $5,208,000 after purchasing an additional 43,271 shares during the period. Finally, City of London Investment Management Co. Ltd. boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 297.5% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 836,518 shares of the company’s stock valued at $12,866,000 after acquiring an additional 626,077 shares during the period.

About Neuberger Berman Next Generation Connectivity Fund

The Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG) is an actively managed, closed-end fund dedicated to investing in companies driving the evolution of global connectivity infrastructure. Launched in February 2024 by Neuberger Berman, NBXG seeks total return by building a diversified portfolio of equity and equity-related securities in firms involved in 5G networks, fiber-optic systems, satellite communications, data centers, cloud computing, and other emerging technologies that support faster and more reliable digital connections.

Under its investment strategy, NBXG allocates capital across hardware and software providers, telecommunications carriers, semiconductor manufacturers, and equipment suppliers that benefit from the rollout and expansion of next-generation networks.