NXG Cushing Midstream Energy Fund (SRV) To Go Ex-Dividend on March 14th

NXG Cushing Midstream Energy Fund (NYSE:SRVGet Free Report) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Stockholders of record on Friday, March 15th will be paid a dividend of 0.45 per share by the investment management company on Thursday, March 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 15.62%. The ex-dividend date is Thursday, March 14th.

NXG Cushing Midstream Energy Fund has increased its dividend by an average of 25.0% annually over the last three years.

NXG Cushing Midstream Energy Fund Stock Up 0.1 %

Shares of NXG Cushing Midstream Energy Fund stock opened at $34.57 on Wednesday. The firm’s fifty day simple moving average is $34.22 and its 200-day simple moving average is $37.36. NXG Cushing Midstream Energy Fund has a 12 month low of $29.74 and a 12 month high of $44.30.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

Institutional investors have recently bought and sold shares of the company. LPL Financial LLC increased its stake in NXG Cushing Midstream Energy Fund by 203.8% in the 1st quarter. LPL Financial LLC now owns 27,851 shares of the investment management company’s stock valued at $912,000 after buying an additional 18,682 shares during the period. Osaic Holdings Inc. boosted its position in shares of NXG Cushing Midstream Energy Fund by 287.2% during the 2nd quarter. Osaic Holdings Inc. now owns 18,631 shares of the investment management company’s stock worth $699,000 after purchasing an additional 13,819 shares in the last quarter. Stifel Financial Corp boosted its position in shares of NXG Cushing Midstream Energy Fund by 16.4% during the 2nd quarter. Stifel Financial Corp now owns 12,682 shares of the investment management company’s stock worth $474,000 after purchasing an additional 1,784 shares in the last quarter. Advisor Group Holdings Inc. boosted its position in shares of NXG Cushing Midstream Energy Fund by 115.0% during the 4th quarter. Advisor Group Holdings Inc. now owns 6,709 shares of the investment management company’s stock worth $225,000 after purchasing an additional 3,588 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of NXG Cushing Midstream Energy Fund by 7.4% during the 3rd quarter. UBS Group AG now owns 5,317 shares of the investment management company’s stock worth $193,000 after purchasing an additional 366 shares in the last quarter.

NXG Cushing Midstream Energy Fund Company Profile

(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.

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Dividend History for NXG Cushing Midstream Energy Fund (NYSE:SRV)

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