NXG Cushing Midstream Energy Fund to Issue Monthly Dividend of $0.50 (NYSE:SRV)

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a monthly dividend on Tuesday, June 2nd. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.50 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend is Wednesday, July 15th.

NXG Cushing Midstream Energy Fund Stock Up 2.1%

NYSE SRV traded up $0.99 on Tuesday, hitting $48.39. 79,946 shares of the stock were exchanged, compared to its average volume of 60,030. The stock has a fifty day moving average price of $46.34 and a two-hundred day moving average price of $43.13. NXG Cushing Midstream Energy Fund has a 52-week low of $38.11 and a 52-week high of $51.43.

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.