NXG Cushing Midstream Energy Fund (SRV) to Issue Monthly Dividend of $0.45 on March 31st

NXG Cushing Midstream Energy Fund (NYSE:SRV) announced a monthly dividend on Monday, February 3rd, NASDAQ Dividends reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.45 per share by the investment management company on Monday, March 31st. This represents a $5.40 annualized dividend and a dividend yield of 12.42%. The ex-dividend date is Monday, March 17th.

NXG Cushing Midstream Energy Fund has increased its dividend by an average of 55.4% annually over the last three years.

NXG Cushing Midstream Energy Fund Stock Performance

SRV opened at $43.49 on Friday. The business has a 50 day moving average price of $45.80 and a 200 day moving average price of $44.72. NXG Cushing Midstream Energy Fund has a twelve month low of $37.50 and a twelve month high of $50.61.

Insiders Place Their Bets

In other NXG Cushing Midstream Energy Fund news, insider Jerry V. Swank sold 3,656 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $46.77, for a total transaction of $170,991.12. Following the completion of the sale, the insider now owns 6,529 shares of the company’s stock, valued at $305,361.33. This represents a 35.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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.