NXG Cushing Midstream Energy Fund (NYSE:SRV) Plans $0.50 Monthly Dividend

NXG Cushing Midstream Energy Fund (NYSE:SRV) announced a monthly dividend on Tuesday, September 1st. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.50 per share by the investment management company on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 13.3%. The ex-dividend date is Thursday, October 15th.

NXG Cushing Midstream Energy Fund Trading Up 0.6%

Shares of NYSE SRV opened at $45.10 on Wednesday. NXG Cushing Midstream Energy Fund has a 12-month low of $38.11 and a 12-month high of $51.54. The stock has a 50 day simple moving average of $47.70 and a 200-day simple moving average of $46.51.

About NXG Cushing Midstream Energy Fund

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.