Neuberger Berman’s connectivity fund maintains its monthly payout, offering a near 10% yield ahead of August record date.
Neuberger Berman Next Generation Connectivity Fund (NBXG) announced a $0.12 per share monthly dividend, matching its prior distribution. The payout equates to a 9.76% forward yield based on current share prices.
The dividend is payable on August 31 to shareholders of record as of August 17, with the ex-dividend date also set for August 17. The fund’s consistent payout aligns with its historical pattern, reflecting stable income generation.
No immediate market reaction was disclosed following the announcement.