Incorporation of magnesium oxide nano particles (MgONPs) in a nematic liquid crystal display material namely 4-pentyl-4'-cyanobiphenyl (5CB) have been analyzed by differential scanning calorimeter, polarizing light microscopy and dielectric spectroscopy. MgONPs have been dispersed in two different concentrations in pure 5CB viz. 0.2 and 0.6 wt%. It has been experimentally noticed that with the increase of MgONPs concentrations in 5CB, the nematic to isotropic transition temperatures decreases and dielectric anisotropy increases. Relaxation frequency of an observed relaxation mode corresponding to molecular rotation about the short axis is almost unchanged after dispersion of MgONPs. The ionic conductivity has increased by approximately one order of magnitude for 0.6 wt% MgONPs and decreased for 0.2 wt%.