Cushing Energy Income Cf (NYSE:SRF) Announces $0.04 Monthly Dividend
Cushing Energy Income Cf (NYSE:SRF) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Friday, August 16th will be paid a dividend of 0.04 per share on Friday, August 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.87%. The ex-dividend date is Thursday, August 15th.
Cushing Energy Income Cf has decreased its dividend by an average of 42.1% per year over the last three years.
Shares of SRF stock traded up $0.06 during mid-day trading on Tuesday, reaching $6.10. 2 shares of the company’s stock traded hands, compared to its average volume of 6,027. Cushing Energy Income Cf has a 12 month low of $5.91 and a 12 month high of $9.53. The firm’s 50-day simple moving average is $6.72.
The Cushing Energy Income Fund is a closed ended equity mutual fund of funds launched and managed by Cushing Asset Management, LP. The fund invests in the public equity markets of North America. It seeks to invest in stocks of companies operating in the energy and energy related sectors. The fund primarily invests in securities of royalty trusts, exploration and production trusts, exploration and production master limited partnerships, and dividend paying value and growth stocks of companies across all market capitalizations.
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