NXG Cushing Midstream Energy Fund (SRV) to Issue Monthly Dividend of $0.45 on May 31st

NXG Cushing Midstream Energy Fund (NYSE:SRVGet Free Report) announced a monthly dividend on Tuesday, February 6th, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.45 per share by the investment management company on Friday, May 31st. This represents a $5.40 dividend on an annualized basis and a yield of 15.63%. The ex-dividend date is Tuesday, May 14th.

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

NXG Cushing Midstream Energy Fund Price Performance

Shares of NXG Cushing Midstream Energy Fund stock opened at $34.56 on Thursday. NXG Cushing Midstream Energy Fund has a 12-month low of $29.74 and a 12-month high of $44.30. The company’s fifty day simple moving average is $34.21 and its two-hundred day simple moving average is $37.34.

Institutional Investors Weigh In On NXG Cushing Midstream Energy Fund

A number of large investors have recently modified their holdings of the stock. Captrust Financial Advisors purchased a new position in NXG Cushing Midstream Energy Fund during the 2nd quarter valued at about $45,000. UBS Group AG raised its holdings in NXG Cushing Midstream Energy Fund by 15.6% in the second quarter. UBS Group AG now owns 6,012 shares of the investment management company’s stock worth $167,000 after buying an additional 811 shares during the last quarter. Advisor Group Holdings Inc. raised its holdings in NXG Cushing Midstream Energy Fund by 115.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 6,709 shares of the investment management company’s stock worth $225,000 after buying an additional 3,588 shares during the last quarter. LPL Financial LLC raised its holdings in NXG Cushing Midstream Energy Fund by 4.6% in the fourth quarter. LPL Financial LLC now owns 9,169 shares of the investment management company’s stock worth $308,000 after buying an additional 407 shares during the last quarter. Finally, Stifel Financial Corp purchased a new position in NXG Cushing Midstream Energy Fund in the first quarter worth about $357,000.

NXG Cushing Midstream Energy Fund Company Profile

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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.

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

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