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

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a monthly dividend on Monday, February 2nd. Shareholders of record on Friday, May 15th will be paid a dividend of 0.45 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date of this dividend is Friday, May 15th.

NXG Cushing Midstream Energy Fund Price Performance

SRV opened at $40.54 on Tuesday. NXG Cushing Midstream Energy Fund has a 52-week low of $34.24 and a 52-week high of $47.96. The business’s fifty day moving average is $39.90 and its 200-day moving average is $42.15.

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.