NXG Cushing Midstream Energy Fund (SRV) to Issue Monthly Dividend of $0.45 on May 29th

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a monthly dividend on Monday, February 2nd. Stockholders of record on Friday, May 15th will be paid a dividend of 0.45 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date of this dividend is Friday, May 15th.

NXG Cushing Midstream Energy Fund Trading Up 1.3%

Shares of SRV opened at $41.11 on Wednesday. The business’s fifty day moving average is $39.92 and its 200 day moving average is $42.15. NXG Cushing Midstream Energy Fund has a 12-month low of $34.24 and a 12-month high of $47.96.

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.