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

NXG Cushing Midstream Energy Fund (NYSE:SRV) announced a monthly dividend on Tuesday, September 3rd, Wall Street Journal reports. Investors of record on Tuesday, September 17th will be given a dividend of 0.45 per share by the investment management company on Monday, September 30th. This represents a $5.40 annualized dividend and a yield of 12.48%. The ex-dividend date of this dividend is Tuesday, September 17th.

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

NXG Cushing Midstream Energy Fund Price Performance

NYSE:SRV opened at $43.26 on Monday. The stock has a fifty day moving average of $42.41 and a 200 day moving average of $41.81. NXG Cushing Midstream Energy Fund has a 52-week low of $32.50 and a 52-week high of $45.60.

Insiders Place Their Bets

In other NXG Cushing Midstream Energy Fund news, insider John Alban sold 1,000 shares of NXG Cushing Midstream Energy Fund stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $41.74, for a total transaction of $41,740.00. Following the completion of the sale, the insider now owns 890 shares of the company’s stock, valued at $37,148.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

About NXG Cushing Midstream Energy Fund

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.