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

NXG Cushing Midstream Energy Fund (NYSE:SRV) announced a monthly dividend on Tuesday, September 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.45 per share by the investment management company on Thursday, October 31st. This represents a $5.40 annualized dividend and a yield of 11.54%. The ex-dividend date is Tuesday, October 15th.

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

NXG Cushing Midstream Energy Fund Stock Performance

NYSE:SRV traded up $1.29 during midday trading on Monday, reaching $46.79. The stock had a trading volume of 19,169 shares, compared to its average volume of 25,688. The firm has a fifty day simple moving average of $43.38 and a two-hundred day simple moving average of $42.51. NXG Cushing Midstream Energy Fund has a 12-month low of $32.50 and a 12-month high of $47.34.

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.