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 Tuesday, March 31st. Shareholders of record on Wednesday, April 15th will be given a dividend of 0.12 per share on Thursday, April 30th. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date is Wednesday, April 15th.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Neuberger Berman Next Generation Connectivity Fund stock traded up $0.04 during mid-day trading on Monday, hitting $13.70. The company’s stock had a trading volume of 49,804 shares, compared to its average volume of 227,504. The business has a 50 day moving average price of $13.27 and a 200-day moving average price of $14.22. Neuberger Berman Next Generation Connectivity Fund has a 12 month low of $11.04 and a 12 month high of $15.65.

Neuberger Berman Next Generation Connectivity Fund Company Profile

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.