Cushing MLP Total Return Fund (SRV) to Issue Monthly Dividend of $0.09
Cushing MLP Total Return Fund (NYSE:SRV) declared a monthly dividend on Friday, December 1st, NASDAQ reports. Investors of record on Monday, December 18th will be given a dividend of 0.09 per share by the investment management company on Friday, December 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 9.92%. The ex-dividend date is Friday, December 15th.
Cushing MLP Total Return Fund has decreased its dividend by an average of 31.6% annually over the last three years.
Cushing MLP Total Return Fund (NYSE:SRV) opened at $10.89 on Friday. Cushing MLP Total Return Fund has a 1 year low of $10.00 and a 1 year high of $15.08.
About Cushing MLP Total Return Fund
The Cushing MLP Total Return Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to obtain a high after-tax total return from a combination of capital appreciation and current income. The Fund, under normal market conditions, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in a portfolio of master limited partnerships (MLPs) and MLP-related investments.
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