Cushing Energy Income Fund (SRF) to Issue Monthly Dividend of $0.04 on November 30th
Cushing Energy Income Fund (NYSE:SRF) announced a monthly dividend on Wednesday, November 1st, NASDAQ reports. Investors of record on Thursday, November 16th will be paid a dividend of 0.04 per share on Thursday, November 30th. This represents a $0.48 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date is Wednesday, November 15th.
Cushing Energy Income Fund has decreased its dividend payment by an average of 51.7% per year over the last three years.
Shares of Cushing Energy Income Fund (SRF) opened at $8.74 on Tuesday. Cushing Energy Income Fund has a one year low of $7.81 and a one year high of $10.14.
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About Cushing Energy Income Fund
The Cushing Energy Income Fund (the Fund) is a non-diversified and closed-end investment company. The Fund’s investment objective is to seek a high total return with an emphasis on current income. The Fund seeks to achieve its investment objective by investing, under normal market conditions at least 80% of its net assets, plus any borrowings for investment purposes, in public and private securities of energy companies involved in exploring; developing; producing; transporting; gathering and processing; storing; refining; distributing; mining or marketing natural gas; natural gas liquids; crude oil, and refined products or coal.
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