NXG Cushing Midstream Energy Fund (SRV) to Distribute Monthly Dividend of $0.50 on September 30th

NXG Cushing Midstream Energy Fund (NYSE:SRV) announced a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.50 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 12.8%. The ex-dividend date is Tuesday, September 15th.

NXG Cushing Midstream Energy Fund Price Performance

NXG Cushing Midstream Energy Fund stock opened at $47.03 on Friday. The firm has a fifty day moving average of $47.29 and a 200-day moving average of $46.67. NXG Cushing Midstream Energy Fund has a 52-week low of $38.11 and a 52-week high of $51.54.

About NXG Cushing Midstream Energy Fund

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.