NXG: A Good Way To Add Renewable Energy To A Portfolio And Profit From Electrification

Finance

The NXG NextGen Infrastructure Income Fund (NYSE:NXG) is a closed-end fund that allows investors to put money into the renewable energy sector and the energy transition without the need to sacrifice income. As we are all well aware, with the exception of a few yieldcos such as NextEra Energy Partners (NEP), there are very few renewable energy companies that pay much of a dividend or distribution. This is evident when we consider that the Global X Renewable Energy Producers ETF (RNRG) only yields 1.43% as of the time of writing. This is substantially lower than the yields that can be obtained by investing in traditional energy:

seekingalpha.com     Aug 19, 2024