NXG - NXG: Nearly 14% Yield, Stable Performance, Is It A Buy?
2025-05-25 08:00:00 ET
Summary
- NXG NextGen Infrastructure Income Fund offers high monthly income and diversified infrastructure exposure, benefiting from AI-driven energy demand.
- NXG currently pays a generous distribution yield of just below 14% and trades at a small premium.
- The fund has performed very well on a five-year basis; however, the long-term performance over 10 years has been subpar, partly due to the oil price crash in 2014.
- In our assessment, the NXG fund is not cheap based on many metrics, but not too expensive either, and it is a Hold.
Introduction:
NXG NextGen Infrastructure Income Fund ( NXG ) is a closed-end fund, or CEF, that was incepted as of September 2012. The fund's main objectives are to provide a high current income distributed on a monthly basis and also seek long-term capital appreciation....
NXG: Nearly 14% Yield, Stable Performance, Is It A Buy?