NXG Cushing Midstream Energy Fund to Issue Monthly Dividend of $0.45 (NYSE:SRV)

NXG Cushing Midstream Energy Fund (NYSE:SRV) announced a monthly dividend on Monday, February 2nd. Investors of record on Tuesday, February 17th will be paid a dividend of 0.45 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 13.3%. The ex-dividend date is Tuesday, February 17th.

NXG Cushing Midstream Energy Fund Price Performance

NYSE SRV opened at $40.54 on Tuesday. The company’s fifty day simple moving average is $39.90 and its 200-day simple moving average is $42.15. NXG Cushing Midstream Energy Fund has a 52 week low of $34.24 and a 52 week high of $47.96.

NXG Cushing Midstream Energy Fund Company Profile

The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) is a closed-end management investment company that primarily focuses on equity securities of midstream energy partnerships. The fund seeks to deliver long-term total return through a combination of current distributions and capital appreciation by investing in publicly traded master limited partnerships (MLPs) and affiliated entities engaged in the transportation, storage, processing and marketing of natural gas, crude oil, refined products and related commodities.

The fund’s portfolio is heavily weighted toward midstream energy infrastructure, including pipelines, terminals, storage facilities and processing plants.