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

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a dividend on Sunday, February 16th,investing.com reports. Shareholders of record on Wednesday, February 19th will be given a dividend of 0.45 per share by the investment management company on Friday, February 28th. This represents a yield of 11.39%. The ex-dividend date is Tuesday, February 18th.

NXG Cushing Midstream Energy Fund has raised its dividend payment by an average of 55.4% per year over the last three years.

NXG Cushing Midstream Energy Fund Trading Up 0.9 %

NXG Cushing Midstream Energy Fund stock traded up $0.44 during midday trading on Friday, reaching $47.43. 25,420 shares of the stock traded hands, compared to its average volume of 37,181. The firm has a fifty day moving average price of $45.76 and a two-hundred day moving average price of $44.46. NXG Cushing Midstream Energy Fund has a fifty-two week low of $34.42 and a fifty-two week high of $50.61.

Insider Transactions at NXG Cushing Midstream Energy Fund

In other news, insider Jerry V. Swank sold 3,656 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $46.77, for a total value of $170,991.12. Following the completion of the sale, the insider now directly owns 6,529 shares of the company’s stock, valued at approximately $305,361.33. This represents a 35.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Alban sold 1,090 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $44.76, for a total transaction of $48,788.40. The disclosure for this sale can be found here. In the last three months, insiders purchased 968 shares of company stock valued at $40,462.

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.