NXG Cushing Midstream Energy Fund (NYSE:SRV) to Issue $0.45 Monthly Dividend

NXG Cushing Midstream Energy Fund (NYSE:SRVGet 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors acquired a new position in NXG Cushing Midstream Energy Fund in the 2nd quarter valued at $45,000. UBS Group AG raised its holdings in NXG Cushing Midstream Energy Fund by 15.6% in the 2nd quarter. UBS Group AG now owns 6,012 shares of the investment management company’s stock valued at $167,000 after acquiring an additional 811 shares in the last quarter. Advisor Group Holdings Inc. raised its holdings in NXG Cushing Midstream Energy Fund by 115.0% in the 4th quarter. Advisor Group Holdings Inc. now owns 6,709 shares of the investment management company’s stock valued at $225,000 after acquiring an additional 3,588 shares in the last quarter. LPL Financial LLC increased its stake in shares of NXG Cushing Midstream Energy Fund by 4.6% in the 4th quarter. LPL Financial LLC now owns 9,169 shares of the investment management company’s stock valued at $308,000 after purchasing an additional 407 shares during the last quarter. Finally, Stifel Financial Corp bought a new position in shares of NXG Cushing Midstream Energy Fund in the 1st quarter valued at $357,000.

About NXG Cushing Midstream Energy Fund

(Get Free Report)

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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Dividend History for NXG Cushing Midstream Energy Fund (NYSE:SRV)

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