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

NXG Cushing Midstream Energy Fund (NYSE:SRV) announced a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.45 per share by the investment management company on Tuesday, December 31st. This represents a $5.40 annualized dividend and a dividend yield of 11.76%. The ex-dividend date is Monday, December 16th.

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

NXG Cushing Midstream Energy Fund Stock Performance

Shares of SRV opened at $45.93 on Wednesday. The company’s fifty day moving average is $44.53 and its 200 day moving average is $43.12. NXG Cushing Midstream Energy Fund has a fifty-two week low of $32.50 and a fifty-two week high of $47.34.

Insider Transactions at NXG Cushing Midstream Energy Fund

In related news, CEO John M. Musgrave purchased 773 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average price of $41.80 per share, for a total transaction of $32,311.40. Following the completion of the transaction, the chief executive officer now owns 3,095 shares in the company, valued at approximately $129,371. The trade was a 33.29 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have acquired a total of 1,418 shares of company stock worth $59,655 in the last three months.

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.