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

Posted by John Adams on Dec 4th, 2024

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

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

NXG Cushing Midstream Energy Fund Trading Up 0.0 %

Shares of SRV stock traded up $0.02 on Tuesday, reaching $45.93. 48,357 shares of the stock were exchanged, compared to its average volume of 29,845. NXG Cushing Midstream Energy Fund has a one year low of $32.50 and a one year high of $47.34. The stock has a 50 day moving average price of $44.53 and a 200 day moving average price of $43.12.

Insider Transactions at NXG Cushing Midstream Energy Fund

In related news, CEO John M. Musgrave acquired 773 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were acquired at an average cost of $41.80 per share, for a total transaction of $32,311.40. Following the completion of the acquisition, the chief executive officer now directly 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 legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders purchased 1,418 shares of company stock worth $59,655.

About NXG Cushing Midstream Energy Fund

(Get Free Report)

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.