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

NXG Cushing Midstream Energy Fund (NYSE:SRV) announced a dividend on Monday, February 17th,investing.com reports. Stockholders of record on Wednesday, February 19th will be paid a dividend of 0.45 per share by the investment management company on Friday, February 28th. This represents a dividend yield of 11.39%. The ex-dividend date of this dividend is Tuesday, February 18th.

NXG Cushing Midstream Energy Fund has increased its dividend by an average of 55.4% per year over the last three years.

NXG Cushing Midstream Energy Fund Price Performance

Shares of NXG Cushing Midstream Energy Fund stock traded up $0.44 on Monday, reaching $47.43. The stock had a trading volume of 25,420 shares, compared to its average volume of 37,181. NXG Cushing Midstream Energy Fund has a fifty-two week low of $34.42 and a fifty-two week high of $50.61. The business’s 50-day moving average price is $45.76 and its two-hundred day moving average price is $44.46.

Insider Buying and Selling

In other news, CEO John M. Musgrave bought 773 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was acquired at an average price of $41.80 per share, for a total transaction of $32,311.40. Following the transaction, the chief executive officer now directly owns 3,095 shares of the company’s stock, valued at $129,371. This trade represents a 33.29 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jerry V. Swank sold 3,656 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $46.77, for a total transaction of $170,991.12. Following the completion of the sale, the insider now owns 6,529 shares of the company’s stock, valued at $305,361.33. The trade was a 35.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 968 shares of company stock valued at $40,462.

About NXG Cushing Midstream Energy Fund

NXG Cushing Midstream Energy 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.