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

Posted by Christopher Mengel on Feb 5th, 2025

NXG Cushing Midstream Energy Fund (NYSE:SRV – Get Free Report) announced a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.45 per share by the investment management company on Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 11.69%. The ex-dividend date of this dividend is Tuesday, February 18th.

NXG Cushing Midstream Energy Fund has raised its dividend payment by an average of 55.4% annually over the last three years.

NXG Cushing Midstream Energy Fund Trading Up 1.0 %

SRV stock opened at $46.20 on Wednesday. NXG Cushing Midstream Energy Fund has a twelve month low of $34.10 and a twelve month high of $50.61. The firm’s fifty day simple moving average is $45.60 and its two-hundred day simple moving average is $44.23.

Insider Buying and Selling at NXG Cushing Midstream Energy Fund

In other news, insider John Alban sold 1,090 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $44.76, for a total transaction of $48,788.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John M. Musgrave bought 773 shares of the stock in a transaction dated Thursday, November 21st. The shares were bought at an average cost of $41.80 per share, with a total value of $32,311.40. Following the completion of the purchase, the chief executive officer now directly owns 3,095 shares of the company’s stock, valued at approximately $129,371. This trade represents a 33.29 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 968 shares of company stock worth $40,462 over the last quarter.

About NXG Cushing Midstream Energy Fund

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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.