Cushing MLP Total Return Fund Declares Monthly Dividend of $0.09 (NYSE:SRV)
Cushing MLP Total Return Fund (NYSE:SRV) announced a monthly dividend on Tuesday, October 1st, Zacks reports. Shareholders of record on Friday, October 18th will be given a dividend of 0.09 per share by the investment management company on Thursday, October 31st. This represents a $1.08 annualized dividend and a yield of 11.24%. The ex-dividend date of this dividend is Thursday, October 17th.
Cushing MLP Total Return Fund has decreased its dividend by an average of 2.7% annually over the last three years.
NYSE:SRV traded down $0.24 during trading hours on Thursday, hitting $9.61. 1,645 shares of the stock were exchanged, compared to its average volume of 28,584. Cushing MLP Total Return Fund has a 52-week low of $7.90 and a 52-week high of $12.11. The firm’s fifty day moving average price is $9.81 and its 200 day moving average price is $10.14.
Cushing MLP Total Return Fund is a closed-ended balanced mutual fund launched by Swank Capital, LLC. The fund is managed by Swank Energy Income Advisors L.P. It invests in the public equity and fixed income markets across the globe with a focus in United States. The fund typically invests in MLPs, Other Natural Resource Companies, and global commodities.
Further Reading: Straddles
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