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

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a monthly dividend on Tuesday, September 1st. Investors of record on Thursday, October 15th will be paid a dividend of 0.50 per share by the investment management company on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date is Thursday, October 15th.

NXG Cushing Midstream Energy Fund Price Performance

NXG Cushing Midstream Energy Fund stock traded up $0.25 during midday trading on Tuesday, reaching $45.10. 51,950 shares of the stock traded hands, compared to its average volume of 61,731. The stock’s fifty day moving average is $47.77 and its 200-day moving average is $46.49. NXG Cushing Midstream Energy Fund has a 12 month low of $38.11 and a 12 month high of $51.54.

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.