NXG Cushing Midstream Energy Fund (NYSE:SRV) to Issue $0.50 Monthly Dividend

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a monthly dividend on Tuesday, September 1st. Investors of record on Monday, November 16th will be paid a dividend of 0.50 per share by the investment management company on Monday, November 30th. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date is Monday, November 16th.

NXG Cushing Midstream Energy Fund Price Performance

Shares of NYSE:SRV opened at $45.10 on Wednesday. NXG Cushing Midstream Energy Fund has a 12 month low of $38.11 and a 12 month high of $51.54. The company’s 50-day moving average price is $47.70 and its two-hundred day moving average price is $46.51.

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.