NXG Cushing Midstream Energy Fund Declares Monthly Dividend of $0.45 (NYSE:SRV)

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a monthly dividend on Monday, February 2nd. Stockholders of record on Thursday, April 16th will be paid a dividend of 0.45 per share by the investment management company on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 13.3%. The ex-dividend date is Thursday, April 16th.

NXG Cushing Midstream Energy Fund Stock Performance

NXG Cushing Midstream Energy Fund stock traded down $0.09 during mid-day trading on Monday, hitting $40.54. 45,065 shares of the company’s stock were exchanged, compared to its average volume of 61,070. The company’s 50 day simple moving average is $39.91 and its 200-day simple moving average is $42.16. NXG Cushing Midstream Energy Fund has a fifty-two week low of $34.24 and a fifty-two week high of $47.96.

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.