NXG Cushing Midstream Energy Fund (SRV) to Issue Monthly Dividend of $0.45 on May 29th

NXG Cushing Midstream Energy Fund (NYSE:SRV) announced a monthly dividend on Monday, February 2nd. Stockholders of record on Friday, May 15th will be paid a dividend of 0.45 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 11.0%. The ex-dividend date is Friday, May 15th.

NXG Cushing Midstream Energy Fund Stock Performance

Shares of NXG Cushing Midstream Energy Fund stock opened at $49.26 on Wednesday. The company’s fifty day simple moving average is $45.02 and its 200-day simple moving average is $42.52. NXG Cushing Midstream Energy Fund has a 1 year low of $38.11 and a 1 year high of $51.43.

Institutional Investors Weigh In On NXG Cushing Midstream Energy Fund

Several hedge funds and other institutional investors have recently modified their holdings of SRV. Raymond James Financial Inc. acquired a new stake in NXG Cushing Midstream Energy Fund during the second quarter worth about $42,000. Parkside Financial Bank & Trust acquired a new stake in NXG Cushing Midstream Energy Fund during the third quarter worth about $46,000. NWF Advisory Services Inc. grew its position in NXG Cushing Midstream Energy Fund by 57.4% during the third quarter. NWF Advisory Services Inc. now owns 11,240 shares of the investment management company’s stock worth $516,000 after buying an additional 4,100 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in NXG Cushing Midstream Energy Fund by 11.6% during the third quarter. J.W. Cole Advisors Inc. now owns 37,895 shares of the investment management company’s stock worth $1,741,000 after buying an additional 3,940 shares in the last quarter. Finally, HighPoint Advisor Group LLC acquired a new stake in NXG Cushing Midstream Energy Fund during the third quarter worth about $271,000.

About NXG Cushing Midstream Energy Fund

The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) is a closed-end management investment company that primarily focuses on equity securities of midstream energy partnerships. The fund seeks to deliver long-term total return through a combination of current distributions and capital appreciation by investing in publicly traded master limited partnerships (MLPs) and affiliated entities engaged in the transportation, storage, processing and marketing of natural gas, crude oil, refined products and related commodities.

The fund’s portfolio is heavily weighted toward midstream energy infrastructure, including pipelines, terminals, storage facilities and processing plants.