NXG Cushing Midstream Energy Fund (NYSE:SRV) Announces Dividend of $0.45

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a dividend on Sunday, February 16th,investing.com reports. Investors of record on Wednesday, February 19th will be given a dividend of 0.45 per share by the investment management company on Friday, February 28th. This represents a dividend yield of 11.39%. The ex-dividend date of this dividend is Tuesday, February 18th.

NXG Cushing Midstream Energy Fund has raised its dividend by an average of 55.4% per year over the last three years.

NXG Cushing Midstream Energy Fund Trading Up 0.9 %

NXG Cushing Midstream Energy Fund stock traded up $0.44 during mid-day trading on Friday, hitting $47.43. 25,420 shares of the company traded hands, compared to its average volume of 37,181. NXG Cushing Midstream Energy Fund has a one year low of $34.42 and a one year high of $50.61. The stock has a fifty day moving average price of $45.76 and a 200-day moving average price of $44.45.

Insider Activity

In related news, insider Jerry V. Swank sold 3,656 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $46.77, for a total transaction of $170,991.12. Following the transaction, the insider now directly owns 6,529 shares of the company’s stock, valued at approximately $305,361.33. This trade represents a 35.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John M. Musgrave bought 773 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was purchased at an average cost of $41.80 per share, with a total value of $32,311.40. Following the purchase, the chief executive officer now owns 3,095 shares of the company’s stock, valued at $129,371. This represents a 33.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 968 shares of company stock worth $40,462.

NXG Cushing Midstream Energy Fund Company Profile

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.