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

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

NXG Cushing Midstream Energy Fund Stock Up 2.1%

Shares of SRV opened at $48.39 on Wednesday. NXG Cushing Midstream Energy Fund has a 12 month low of $38.11 and a 12 month high of $51.43. The stock’s 50-day moving average price is $46.34 and its two-hundred day moving average price is $43.13.

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.