NXG NextGen Infrastructure Income Fund to Issue Monthly Dividend of $0.54 (NYSE:NXG)

NXG NextGen Infrastructure Income Fund (NYSE:NXG) announced a monthly dividend on Monday, February 2nd. Investors of record on Friday, May 15th will be given a dividend of 0.54 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date of this dividend is Friday, May 15th.

NXG NextGen Infrastructure Income Fund Price Performance

NXG stock traded up $0.16 during mid-day trading on Monday, reaching $50.90. 51,972 shares of the company traded hands, compared to its average volume of 41,680. NXG NextGen Infrastructure Income Fund has a fifty-two week low of $35.22 and a fifty-two week high of $53.38. The firm’s 50 day moving average price is $50.13 and its 200 day moving average price is $49.06.

Insider Activity at NXG NextGen Infrastructure Income Fund

In other news, Director John Alban purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were acquired at an average cost of $50.38 per share, for a total transaction of $50,380.00. Following the completion of the acquisition, the director owned 1,000 shares in the company, valued at $50,380. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hedge Funds Weigh In On NXG NextGen Infrastructure Income Fund

Institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its holdings in NXG NextGen Infrastructure Income Fund by 39.9% during the second quarter. Janney Montgomery Scott LLC now owns 55,482 shares of the company’s stock worth $2,790,000 after acquiring an additional 15,830 shares during the period. Stratos Wealth Advisors LLC raised its stake in shares of NXG NextGen Infrastructure Income Fund by 7.0% in the second quarter. Stratos Wealth Advisors LLC now owns 6,099 shares of the company’s stock valued at $307,000 after buying an additional 400 shares during the period. J.W. Cole Advisors Inc. raised its stake in shares of NXG NextGen Infrastructure Income Fund by 11.8% in the second quarter. J.W. Cole Advisors Inc. now owns 34,546 shares of the company’s stock valued at $1,737,000 after buying an additional 3,655 shares during the period. Guggenheim Capital LLC grew its stake in shares of NXG NextGen Infrastructure Income Fund by 32.5% during the 2nd quarter. Guggenheim Capital LLC now owns 42,779 shares of the company’s stock worth $2,151,000 after acquiring an additional 10,496 shares during the period. Finally, Ausdal Financial Partners Inc. increased its holdings 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 worth $1,286,000 after acquiring an additional 482 shares during 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.