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

The Cushing MLP & Infrastructure Total Return Fund (NYSE:SRV) declared a monthly dividend on Thursday, December 2nd, Wall Street Journal reports. Shareholders of record on Tuesday, January 18th will be given a dividend of 0.12 per share by the investment management company on Monday, January 31st. This represents a $1.44 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend is Friday, January 14th.

The Cushing MLP & Infrastructure Total Return Fund has decreased its dividend by 66.8% over the last three years and has raised its dividend annually for the last 1 consecutive years.

Shares of NYSE SRV opened at $33.40 on Thursday. The Cushing MLP & Infrastructure Total Return Fund has a twelve month low of $21.90 and a twelve month high of $35.94. The stock’s 50 day moving average price is $32.08 and its 200-day moving average price is $30.75.

Several hedge funds and other institutional investors have recently made changes to their positions in SRV. UBS Group AG raised its holdings in shares of The Cushing MLP & Infrastructure Total Return Fund by 17.4% in the 3rd quarter. UBS Group AG now owns 2,343 shares of the investment management company’s stock worth $74,000 after purchasing an additional 347 shares during the period. Wells Fargo & Company MN raised its holdings in The Cushing MLP & Infrastructure Total Return Fund by 200.9% during the 2nd quarter. Wells Fargo & Company MN now owns 7,231 shares of the investment management company’s stock valued at $213,000 after acquiring an additional 4,828 shares during the period. Finally, Morgan Stanley raised its holdings in The Cushing MLP & Infrastructure Total Return Fund by 27.5% during the 2nd quarter. Morgan Stanley now owns 150,546 shares of the investment management company’s stock valued at $4,443,000 after acquiring an additional 32,515 shares during the period.

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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