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

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a monthly dividend on Tuesday, September 1st. Stockholders of record on Thursday, October 15th will be given a dividend of 0.50 per share by the investment management company on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date of this dividend is Thursday, October 15th.

NXG Cushing Midstream Energy Fund Stock Performance

Shares of NYSE:SRV traded up $0.25 during trading on Tuesday, hitting $45.10. 51,950 shares of the company’s stock were exchanged, compared to its average volume of 61,731. The business’s 50-day simple moving average is $47.77 and its 200 day simple moving average is $46.49. NXG Cushing Midstream Energy Fund has a 52-week low of $38.11 and a 52-week high of $51.54.

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.