NXG Cushing Midstream Energy Fund (NYSE:SRV) Plans $0.45 Monthly Dividend

Posted by Oscar Bower on Dec 4th, 2024

NXG Cushing Midstream Energy Fund (NYSE:SRV – Get Free Report) declared a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.45 per share by the investment management company on Tuesday, December 31st. This represents a $5.40 annualized dividend and a dividend yield of 11.76%. The ex-dividend date of this dividend is Monday, December 16th.

NXG Cushing Midstream Energy Fund has increased its dividend payment by an average of 28.1% per year over the last three years.

NXG Cushing Midstream Energy Fund Stock Performance

Shares of SRV traded up $0.02 during midday trading on Tuesday, hitting $45.93. 48,357 shares of the stock traded hands, compared to its average volume of 29,845. The business’s 50 day moving average price is $44.53 and its two-hundred day moving average price is $43.12. NXG Cushing Midstream Energy Fund has a 1-year low of $32.50 and a 1-year high of $47.34.

Insiders Place Their Bets

In related news, CEO John M. Musgrave purchased 773 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average price of $41.80 per share, with a total value of $32,311.40. Following the purchase, the chief executive officer now owns 3,095 shares of the company’s stock, valued at $129,371. This trade represents a 33.29 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders acquired 1,418 shares of company stock worth $59,655.

About NXG Cushing Midstream Energy Fund

(Get Free Report)

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.