The Cushing MLP & Infrastructure Total Return Fund (NYSE:SRV) Declares Monthly Dividend of $0.12

The Cushing MLP & Infrastructure Total Return Fund (NYSE:SRV) announced a monthly dividend on Thursday, September 2nd, Wall Street Journal reports. Shareholders of record on Monday, October 18th will be given a dividend of 0.12 per share by the investment management company on Friday, October 29th. This represents a $1.44 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Friday, October 15th.

The Cushing MLP & Infrastructure Total Return Fund has decreased its dividend by 36.2% over the last three years and has raised its dividend every year for the last 2 years.

SRV stock opened at $34.02 on Thursday. The company has a 50 day moving average of $29.59 and a two-hundred day moving average of $28.37. The Cushing MLP & Infrastructure Total Return Fund has a 12-month low of $15.57 and a 12-month high of $34.38.

In other news, major shareholder Saba Capital Management, L.P. bought 13,524 shares of the company’s stock in a transaction that occurred on Monday, September 27th. The shares were purchased at an average price of $32.46 per share, for a total transaction of $438,989.04. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

An institutional investor recently raised its position in The Cushing MLP & Infrastructure Total Return Fund stock. Morgan Stanley grew its stake in The Cushing MLP & Infrastructure Total Return Fund (NYSE:SRV) by 27.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,546 shares of the investment management company’s stock after purchasing an additional 32,515 shares during the period. Morgan Stanley’s holdings in The Cushing MLP & Infrastructure Total Return Fund were worth $4,443,000 as of its most recent SEC filing.

The Cushing MLP & Infrastructure Total Return Fund Company Profile

The Cushing MLP & Infrastructure Total Return Fund is a non-diversified, closed-end management investment company. Its investment objective is to obtain a high after-tax total return from a combination of capital appreciation and current income. The company was founded on May 23, 2007 and is headquartered in Dallas, TX.

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Dividend History for The Cushing MLP & Infrastructure Total Return Fund (NYSE:SRV)

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