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

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

Neuberger Berman Next Generation Connectivity Fund Price Performance

Neuberger Berman Next Generation Connectivity Fund stock traded up $0.27 during mid-day trading on Friday, reaching $16.18. 157,757 shares of the company’s stock were exchanged, compared to its average volume of 220,984. Neuberger Berman Next Generation Connectivity Fund has a twelve month low of $12.32 and a twelve month high of $16.94. The company has a fifty day moving average of $15.07 and a 200-day moving average of $14.34.

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.