Cushing MLP Total Return Fund Announces Monthly Dividend of $0.09 (NYSE:SRV)
Cushing MLP Total Return Fund (NYSE:SRV) announced a monthly dividend on Monday, July 3rd, NASDAQ reports. Investors of record on Tuesday, July 18th will be paid a dividend of 0.09 per share by the investment management company on Monday, July 31st. This represents a $1.08 annualized dividend and a yield of 8.85%. The ex-dividend date is Friday, July 14th.
Cushing MLP Total Return Fund has decreased its dividend payment by an average of 31.6% per year over the last three years.
Shares of Cushing MLP Total Return Fund (NYSE SRV) traded down 1.64% during trading on Thursday, hitting $12.21. The stock had a trading volume of 27,283 shares. Cushing MLP Total Return Fund has a 12-month low of $11.15 and a 12-month high of $15.08. The stock’s market capitalization is $82.22 million. The stock’s 50-day moving average is $12.18 and its 200-day moving average is $13.43.
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Cushing MLP Total Return Fund Company Profile
The Cushing MLP Total Return Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to obtain a high after-tax total return from a combination of capital appreciation and current income. The Fund, under normal market conditions, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in a portfolio of master limited partnerships (MLPs) and MLP-related investments.
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