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

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

NXG Cushing Midstream Energy Fund Price Performance

Shares of NXG Cushing Midstream Energy Fund stock opened at $45.10 on Wednesday. NXG Cushing Midstream Energy Fund has a 52 week low of $38.11 and a 52 week high of $51.54. The business has a 50 day moving average price of $47.70 and a 200-day moving average price of $46.51.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

Several large investors have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new position in NXG Cushing Midstream Energy Fund during the 1st quarter worth $25,000. Raymond James Financial Inc. purchased a new stake in shares of NXG Cushing Midstream Energy Fund in the second quarter valued at about $42,000. Symphony Financial Services Inc. bought a new position in shares of NXG Cushing Midstream Energy Fund during the fourth quarter valued at about $207,000. Janney Montgomery Scott LLC boosted its holdings in NXG Cushing Midstream Energy Fund by 20.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 6,280 shares of the investment management company’s stock worth $245,000 after purchasing an additional 1,076 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in NXG Cushing Midstream Energy Fund by 21.6% during the fourth quarter. Jane Street Group LLC now owns 6,724 shares of the investment management company’s stock worth $263,000 after purchasing an additional 1,196 shares during the last quarter.

NXG Cushing Midstream Energy Fund Company Profile

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.