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

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a monthly dividend on Tuesday, June 2nd. Stockholders of record on Monday, June 15th will be given a dividend of 0.50 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date of this dividend is Monday, June 15th. This is a 11.1% increase from NXG Cushing Midstream Energy Fund’s previous monthly dividend of $0.45.

NXG Cushing Midstream Energy Fund Trading Up 2.1%

Shares of SRV traded up $0.99 during mid-day trading on Tuesday, reaching $48.39. The company’s stock had a trading volume of 79,946 shares, compared to its average volume of 60,030. NXG Cushing Midstream Energy Fund has a 12-month low of $38.11 and a 12-month high of $51.43. The company’s 50 day moving average is $46.34 and its 200 day moving average is $43.13.

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.