NXG Cushing Midstream Energy Fund Plans Monthly Dividend of $0.50 (NYSE:SRV)

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a monthly dividend on Tuesday, June 2nd. Stockholders of record on Monday, August 17th will be paid a dividend of 0.50 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 12.4%. The ex-dividend date of this dividend is Monday, August 17th.

NXG Cushing Midstream Energy Fund Stock Performance

Shares of SRV traded up $0.99 during midday trading on Tuesday, hitting $48.39. The company had a trading volume of 79,946 shares, compared to its average volume of 60,030. The company’s 50-day simple moving average is $46.34 and its 200-day simple moving average is $43.13. NXG Cushing Midstream Energy Fund has a 1 year low of $38.11 and a 1 year high of $51.43.

NXG Cushing Midstream Energy Fund Company Profile

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.