Cushing Energy Income Cf (NYSE:SRF) declared a monthly dividend on Tuesday, October 1st, Zacks reports. Shareholders of record on Friday, October 18th will be given a dividend of 0.04 per share on Thursday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 8.25%. The ex-dividend date of this dividend is Thursday, October 17th.
Cushing Energy Income Cf has decreased its dividend by an average of 42.1% annually over the last three years.
Shares of SRF traded down $0.09 during midday trading on Thursday, hitting $5.82. 738 shares of the company traded hands, compared to its average volume of 6,542. The firm has a 50 day moving average of $6.15 and a 200-day moving average of $6.93. Cushing Energy Income Cf has a 52 week low of $5.81 and a 52 week high of $9.48.
The Cushing Energy Income Fund is a closed ended equity mutual fund of funds launched and managed by Cushing Asset Management, LP. The fund invests in the public equity markets of North America. It seeks to invest in stocks of companies operating in the energy and energy related sectors. The fund primarily invests in securities of royalty trusts, exploration and production trusts, exploration and production master limited partnerships, and dividend paying value and growth stocks of companies across all market capitalizations.
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