NXG Cushing Midstream Energy Fund (NYSE:SRV) Declares Monthly Dividend of $0.45

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.45 per share by the investment management company on Tuesday, December 31st. This represents a $5.40 dividend on an annualized basis and a dividend yield of 11.76%. The ex-dividend date of this dividend is Monday, December 16th.

NXG Cushing Midstream Energy Fund has raised its dividend payment by an average of 28.1% annually over the last three years.

NXG Cushing Midstream Energy Fund Stock Performance

Shares of NYSE SRV traded up $0.02 during trading hours on Tuesday, reaching $45.93. 48,357 shares of the stock traded hands, compared to its average volume of 29,845. The company’s 50-day simple moving average is $44.53 and its two-hundred day simple moving average is $43.12. NXG Cushing Midstream Energy Fund has a 52-week low of $32.50 and a 52-week high of $47.34.

Insiders Place Their Bets

In related news, CEO John M. Musgrave purchased 773 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average cost of $41.80 per share, for a total transaction of $32,311.40. Following the purchase, the chief executive officer now directly owns 3,095 shares of the company’s stock, valued at $129,371. The trade was a 33.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 1,418 shares of company stock worth $59,655 in the last three months.

NXG Cushing Midstream Energy Fund Company Profile

NXG Cushing Midstream Energy Fund is a closed-ended balanced mutual fund launched by Swank Capital, LLC. The fund is managed by Swank Energy Income Advisors L.P. It invests in the public equity and fixed income markets across the globe with a focus in United States. The fund typically invests in MLPs, Other Natural Resource Companies, and global commodities.