USCF Midstream Energy Income Fund (NYSEARCA:UMI) Raises Dividend to $0.48 Per Share

USCF Midstream Energy Income Fund (NYSEARCA:UMI) announced a monthly dividend on Thursday, May 21st. Shareholders of record on Friday, May 22nd will be given a dividend of 0.4761 per share on Wednesday, May 27th. This represents a c) dividend on an annualized basis and a yield of 9.3%. The ex-dividend date of this dividend is Friday, May 22nd. This is a 169.7% increase from USCF Midstream Energy Income Fund’s previous monthly dividend of $0.18.

USCF Midstream Energy Income Fund Price Performance

NYSEARCA:UMI traded down $0.05 during trading hours on Friday, reaching $61.58. The company’s stock had a trading volume of 33,945 shares, compared to its average volume of 40,553. The company has a market cap of $496.96 million, a price-to-earnings ratio of 18.78 and a beta of 0.58. USCF Midstream Energy Income Fund has a one year low of $47.74 and a one year high of $62.54. The business’s 50-day moving average is $58.34 and its 200-day moving average is $54.03.

About USCF Midstream Energy Income Fund

The USCF Midstream Energy Income Fund (UMI) is an exchange-traded fund that mostly invests in energy equity. The fund holds an actively-managed portfolio of midstream energy infrastructure companies. The fund is income-focused and uses a fundamental approach that integrates ESG research. UMI was launched on Mar 24, 2021 and is managed by USCF Advisers.