NXG Cushing Midstream Energy Fund (NYSE:SRV) to Issue Dividend Increase – $0.50 Per Share

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a monthly dividend on Tuesday, June 2nd. Shareholders of record on Monday, June 15th will be given a dividend of 0.50 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend is Monday, June 15th. This is a 11.1% increase from NXG Cushing Midstream Energy Fund’s previous monthly dividend of $0.45.

NXG Cushing Midstream Energy Fund Trading Up 2.1%

NYSE:SRV opened at $48.39 on Wednesday. The stock has a fifty day moving average price of $46.34 and a two-hundred day moving average price of $43.13. NXG Cushing Midstream Energy Fund has a 1 year low of $38.11 and a 1 year high of $51.43.

NXG Cushing Midstream Energy Fund Company Profile

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.