NXG Cushing Midstream Energy Fund (SRV) to Issue Monthly Dividend of $0.45 on March 31st

NXG Cushing Midstream Energy Fund (NYSE:SRV) announced a monthly dividend on Monday, February 2nd. Stockholders of record on Monday, March 16th will be given a dividend of 0.45 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 13.1%. The ex-dividend date of this dividend is Monday, March 16th.

NXG Cushing Midstream Energy Fund Stock Performance

Shares of NXG Cushing Midstream Energy Fund stock opened at $41.11 on Wednesday. NXG Cushing Midstream Energy Fund has a 1 year low of $34.24 and a 1 year high of $47.96. The business has a 50 day moving average price of $39.92 and a 200 day moving average price of $42.15.

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.