Cushing MLP Total Return Fund (SRV) Plans $0.09 Monthly Dividend
Cushing MLP Total Return Fund (NYSE:SRV) declared a monthly dividend on Wednesday, November 1st, NASDAQ reports. Stockholders of record on Thursday, November 16th will be paid a dividend of 0.09 per share by the investment management company on Thursday, November 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 9.76%. The ex-dividend date is Wednesday, November 15th.
Cushing MLP Total Return Fund has decreased its dividend payment by an average of 31.6% annually over the last three years.
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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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