Neuberger Berman Next Generation Connectivity Fund Declares $0.12 Monthly Dividend
The Neuberger Berman Next Generation Connectivity Fund (NBXG) has declared a monthly dividend of $0.12 per share, consistent with its previous payout levels. The forward yield is currently estimated at 9.76%. Shareholders will receive the payment on August 31 for those registered as shareholders of record by August 17; shares will trade ex-dividend starting that same date. The fund has maintained a stable dividend policy, which may appeal to income-focused investors seeking predictable returns in uncertain market conditions. Analysts have noted strong performance from NBXG despite its deep discount and attractive valuation metrics. Recent commentary suggests the fund's fundamentals remain solid, with some analysts upgrading their ratings based on improved outlook. The declaration reinforces investor confidence in the fund’s ability to sustain payouts amid ongoing economic challenges.
Topics: closed-end funds dividends