NXG Cushing Midstream Energy Fund (NYSE:SRV) Declares $0.45 Monthly Dividend

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a monthly dividend on Monday, June 3rd, NASDAQ reports. Investors of record on Monday, June 17th will be given a dividend of 0.45 per share by the investment management company on Friday, June 28th. This represents a $5.40 annualized dividend and a dividend yield of 12.74%. The ex-dividend date of this dividend is Monday, June 17th.

NXG Cushing Midstream Energy Fund has increased its dividend payment by an average of 28.1% annually over the last three years.

NXG Cushing Midstream Energy Fund Price Performance

NYSE SRV opened at $42.40 on Friday. NXG Cushing Midstream Energy Fund has a 12-month low of $32.50 and a 12-month high of $45.60. The firm has a 50-day moving average price of $41.94 and a two-hundred day moving average price of $38.26.

NXG Cushing Midstream Energy Fund Company Profile

NXG Cushing Midstream Energy 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.