NXG Cushing Midstream Energy Fund (NYSE:SRV – Get Free Report) announced a monthly dividend on Monday, February 5th, Wall Street Journal reports. Investors of record on Friday, March 15th will be given a dividend of 0.45 per share by the investment management company on Thursday, March 28th. This represents a $5.40 annualized dividend and a yield of 15.62%. The ex-dividend date is Thursday, March 14th.
NXG Cushing Midstream Energy Fund has raised its dividend payment by an average of 25.0% per year over the last three years.
NXG Cushing Midstream Energy Fund Price Performance
NYSE:SRV opened at $34.57 on Wednesday. The stock has a 50 day simple moving average of $34.22 and a 200 day simple moving average of $37.36. NXG Cushing Midstream Energy Fund has a 1-year low of $29.74 and a 1-year high of $44.30.
Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund
About NXG Cushing Midstream Energy Fund
NXG Cushing Midstream Energy Fund is a closed-ended balanced mutual fund launched by Swank Capital, LLC. The fund is managed by Swank Energy Income Advisors L.P. It invests in the public equity and fixed income markets across the globe with a focus in United States. The fund typically invests in MLPs, Other Natural Resource Companies, and global commodities.
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