Cushing MLP Total Return Fund (NYSE:SRV) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Investors of record on Friday, August 16th will be paid a dividend of 0.09 per share by the investment management company on Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 11.03%. The ex-dividend date of this dividend is Thursday, August 15th.
Cushing MLP Total Return Fund has decreased its dividend payment by an average of 2.7% per year over the last three years.
Shares of NYSE SRV opened at $9.79 on Wednesday. The company has a 50 day moving average price of $10.31. Cushing MLP Total Return Fund has a 52-week low of $7.90 and a 52-week high of $12.47.
Cushing MLP Total Return Fund is a closed-ended balanced mutual fund launched by Swank Capital, LLC. The fund is managed by Swank Energy Income Advisors L.P. It invests in the public equity and fixed income markets across the globe with a focus in United States. The fund typically invests in MLPs, Other Natural Resource Companies, and global commodities.
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