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

NXG Cushing Midstream Energy Fund (NYSE:SRV) announced a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.45 per share by the investment management company on Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 11.69%. The ex-dividend date is Tuesday, February 18th.

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

NXG Cushing Midstream Energy Fund Trading Up 1.0 %

Shares of NXG Cushing Midstream Energy Fund stock traded up $0.45 on Tuesday, reaching $46.20. 28,205 shares of the stock were exchanged, compared to its average volume of 41,132. The business has a 50 day moving average price of $45.60 and a two-hundred day moving average price of $44.23. NXG Cushing Midstream Energy Fund has a twelve month low of $34.10 and a twelve month high of $50.61.

Insiders Place Their Bets

In related news, CEO John M. Musgrave bought 773 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average cost of $41.80 per share, with a total value of $32,311.40. Following the completion of the acquisition, the chief executive officer now directly owns 3,095 shares in the company, valued at approximately $129,371. The trade was a 33.29 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Alban sold 1,090 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $44.76, for a total value of $48,788.40. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 968 shares of company stock valued at $40,462.

NXG Cushing Midstream Energy Fund Company Profile

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.