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

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXGGet Free Report) declared a monthly dividend on Thursday, February 29th, Zacks reports. Investors of record on Friday, March 15th will be paid a dividend of 0.10 per share on Thursday, March 28th. This represents a $1.20 dividend on an annualized basis and a yield of 10.05%. The ex-dividend date of this dividend is Thursday, March 14th.

Neuberger Berman Next Generation Connectivity Fund Stock Down 1.4 %

Shares of NBXG opened at 11.94 on Tuesday. The company’s 50 day moving average price is 11.48 and its 200 day moving average price is 10.85. Neuberger Berman Next Generation Connectivity Fund has a 52 week low of 9.31 and a 52 week high of 12.23.

Institutional Trading of Neuberger Berman Next Generation Connectivity Fund

Several large investors have recently added to or reduced their stakes in the business. Morgan Stanley grew its position in Neuberger Berman Next Generation Connectivity Fund by 16.4% in the third quarter. Morgan Stanley now owns 3,029,761 shares of the company’s stock worth $31,570,000 after acquiring an additional 427,291 shares in the last quarter. UBS Group AG grew its position in Neuberger Berman Next Generation Connectivity Fund by 94.7% in the first quarter. UBS Group AG now owns 1,080,614 shares of the company’s stock worth $11,249,000 after acquiring an additional 525,685 shares in the last quarter. Bank of America Corp DE grew its position in Neuberger Berman Next Generation Connectivity Fund by 4.6% in the fourth quarter. Bank of America Corp DE now owns 1,058,458 shares of the company’s stock worth $9,627,000 after acquiring an additional 46,902 shares in the last quarter. Lazard Asset Management LLC grew its position in Neuberger Berman Next Generation Connectivity Fund by 44.1% in the 1st quarter. Lazard Asset Management LLC now owns 853,716 shares of the company’s stock worth $11,909,000 after purchasing an additional 261,238 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Neuberger Berman Next Generation Connectivity Fund by 20.3% in the 4th quarter. Royal Bank of Canada now owns 651,147 shares of the company’s stock worth $7,116,000 after purchasing an additional 110,097 shares during the last quarter.

About Neuberger Berman Next Generation Connectivity Fund

(Get Free Report)

Neuberger Berman Next Generation Connectivity Fund Inc (NBXG) is a newly organized, non-diversified, limited term closed-end management investment company focused on next generation mobile network connectivity and technology.

The Fund’s investment strategy focuses on equity securities issued by U.S.

Read More

Dividend History for Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG)

Receive News & Ratings for Neuberger Berman Next Generation Connectivity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neuberger Berman Next Generation Connectivity Fund and related companies with MarketBeat.com's FREE daily email newsletter.