Neuberger Berman Fund Boosts Monthly Dividend by 20% to $0.12 Per Share.

Neuberger Berman Next Generation Connectivity Fund has increased its monthly distribution rate to $0.12 per share, up 20% from $0.10 per share. The fund has also declared its next monthly distribution at the new rate, payable on October 31, 2025. The annualized distribution per share is now $1.44, representing a distribution rate of approximately 9.49% of the fund's market price and 8.44% of its net asset value.

Neuberger Berman Next Generation Connectivity Fund (NBXG) has announced a significant increase in its monthly distribution rate. The fund has raised its distribution from $0.10 to $0.12 per share, representing a 20% increase. The new monthly distribution will be payable on October 31, 2025, with a record and ex-date of October 15, 2025.

The new annualized distribution of $1.44 per share represents approximately 9.49% of the fund's market price and 8.44% of its net asset value (NAV) as of September 26, 2025. This increase positions NBXG among the higher-yielding closed-end funds in the technology sector.

The fund's ability to maintain this distribution rate depends on several factors, including investment income stability, capital gains availability, and expense levels. Distributions may include net investment income, capital gains, and return of capital. The careful wording around distribution sources suggests the fund may need to tap into capital appreciation or even return of principal to maintain this payout level.

Investors should note the fund's candid disclosure about sustainability factors. The substantial yield differential between market price (9.49%) and NAV (8.44%) indicates the fund currently trades at a discount to its underlying assets, which could be a favorable entry point if the distribution remains sustainable.