Neuberger Berman Next Generation Connectivity Fund Inc. to Issue Monthly Dividend of $0.10 (NYSE:NBXG)

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG – Get Rating) declared a monthly dividend on Tuesday, May 3rd, Wall Street Journal reports. Shareholders of record on Monday, May 16th will be given a dividend of 0.10 per share on Tuesday, May 31st. This represents a $1.20 dividend on an annualized basis and a yield of 10.20%. The ex-dividend date of this dividend is Friday, May 13th.

Neuberger Berman Next Generation Connectivity Fund stock opened at 11.77 on Wednesday. The firm’s 50-day moving average price is 12.96. Neuberger Berman Next Generation Connectivity Fund has a 52-week low of 11.36 and a 52-week high of 20.76.

A number of institutional investors have recently bought and sold shares of the business. Walleye Trading LLC acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the 4th quarter worth approximately $192,000. Stifel Financial Corp acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the 4th quarter worth approximately $602,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 179.5% in the 4th quarter. Wells Fargo & Company MN now owns 345,424 shares of the company’s stock worth $5,976,000 after acquiring an additional 221,837 shares during the period.

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