NXG NextGen Infrastructure Income Fund (NYSE:NXG) Plans $0.54 Monthly Dividend

NXG NextGen Infrastructure Income Fund (NYSE:NXG) announced a monthly dividend on Tuesday, December 2nd. Shareholders of record on Monday, December 15th will be paid a dividend of 0.54 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 12.9%. The ex-dividend date of this dividend is Monday, December 15th.

NXG NextGen Infrastructure Income Fund Stock Performance

Shares of NXG stock traded down $0.04 during mid-day trading on Tuesday, hitting $50.24. The company’s stock had a trading volume of 58,876 shares, compared to its average volume of 44,632. The company’s fifty day simple moving average is $49.19 and its 200-day simple moving average is $48.52. NXG NextGen Infrastructure Income Fund has a 52 week low of $35.22 and a 52 week high of $53.38.

Insiders Place Their Bets

In other NXG NextGen Infrastructure Income Fund news, Director John Alban purchased 1,000 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were purchased at an average cost of $50.38 per share, with a total value of $50,380.00. Following the completion of the purchase, the director owned 1,000 shares in the company, valued at $50,380. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Trading of NXG NextGen Infrastructure Income Fund

Several hedge funds have recently modified their holdings of NXG. Elequin Capital LP acquired a new position in shares of NXG NextGen Infrastructure Income Fund during the 1st quarter valued at $51,000. US Bancorp DE bought a new stake in NXG NextGen Infrastructure Income Fund in the first quarter valued at $66,000. Keener Financial Planning LLC acquired a new position in shares of NXG NextGen Infrastructure Income Fund during the third quarter valued at about $146,000. Invesco Ltd. bought a new position in shares of NXG NextGen Infrastructure Income Fund during the 1st quarter worth about $225,000. Finally, Wolverine Asset Management LLC bought a new position in shares of NXG NextGen Infrastructure Income Fund during the 3rd quarter worth about $240,000.

NXG NextGen Infrastructure Income Fund Company Profile

NXG NextGen Infrastructure Income Fund is a closed ended equity mutual fund launched and managed by Cushing MLP Asset Management, LP. The fund invests in stocks of companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services and logistics companies, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies.