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

NXG Cushing Midstream Energy Fund (NYSE:SRV) announced a monthly dividend on Tuesday, September 1st. Investors of record on Monday, November 16th will be given a dividend of 0.50 per share by the investment management company on Monday, November 30th. This represents a c) annualized dividend and a dividend yield of 13.3%. The ex-dividend date is Monday, November 16th.

NXG Cushing Midstream Energy Fund Price Performance

Shares of SRV stock traded up $0.25 on Tuesday, hitting $45.10. The stock had a trading volume of 51,950 shares, compared to its average volume of 61,731. The company’s 50 day moving average price is $47.77 and its 200-day moving average price is $46.49. NXG Cushing Midstream Energy Fund has a 1 year low of $38.11 and a 1 year high of $51.54.

Institutional Trading of NXG Cushing Midstream Energy Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp acquired a new stake in shares of NXG Cushing Midstream Energy Fund during the first quarter worth about $25,000. Raymond James Financial Inc. acquired a new position in shares of NXG Cushing Midstream Energy Fund in the second quarter valued at approximately $42,000. Symphony Financial Services Inc. purchased a new stake in NXG Cushing Midstream Energy Fund during the 4th quarter worth approximately $207,000. Janney Montgomery Scott LLC increased its stake in NXG Cushing Midstream Energy Fund by 20.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 6,280 shares of the investment management company’s stock worth $245,000 after buying an additional 1,076 shares during the period. Finally, Jane Street Group LLC lifted its holdings in NXG Cushing Midstream Energy Fund by 21.6% during the 4th quarter. Jane Street Group LLC now owns 6,724 shares of the investment management company’s stock worth $263,000 after buying an additional 1,196 shares in the last quarter.

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.