Cushing MLP Total Return Fund (NYSE:SRV) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Shareholders of record on Friday, August 16th will be paid a dividend of 0.09 per share by the investment management company on Friday, August 30th. This represents a $1.08 annualized dividend and a yield of 11.03%. The ex-dividend date is Thursday, August 15th.
Cushing MLP Total Return Fund has decreased its dividend payment by an average of 2.7% per year over the last three years.
NYSE SRV opened at $9.79 on Wednesday. The firm’s fifty day moving average is $10.31. Cushing MLP Total Return Fund has a fifty-two week low of $7.90 and a fifty-two week high of $12.47.
Cushing MLP Total Return 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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