Somewhat Positive Media Coverage Somewhat Unlikely to Impact Cushing Renaissance Fund (SZC) Share Price
News stories about Cushing Renaissance Fund (NYSE:SZC) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cushing Renaissance Fund earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 47.5041831177625 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Cushing Renaissance Fund (NYSE SZC) traded up $0.56 on Friday, reaching $19.39. The company had a trading volume of 38,997 shares, compared to its average volume of 26,322. Cushing Renaissance Fund has a 52 week low of $16.53 and a 52 week high of $19.57.
The company also recently disclosed a monthly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were issued a $0.1367 dividend. This represents a $1.64 annualized dividend and a yield of 8.46%. The ex-dividend date was Wednesday, November 15th.
About Cushing Renaissance Fund
The Cushing Renaissance Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek a high total return with an emphasis on current income. It seeks to achieve its investment objective by investing at least 80% of its managed assets in upstream, midstream and downstream energy companies, as well as oil and gas services companies; chemical, metal and industrial and manufacturing companies; engineering and construction companies, and transportation and logistics companies.
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