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

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.45 per share by the investment management company on Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 11.69%. The ex-dividend date of this dividend is Tuesday, February 18th.

NXG Cushing Midstream Energy Fund has raised its dividend payment by an average of 55.4% annually over the last three years.

NXG Cushing Midstream Energy Fund Price Performance

Shares of SRV stock traded up $0.45 during trading hours on Tuesday, reaching $46.20. The company had a trading volume of 28,205 shares, compared to its average volume of 41,132. NXG Cushing Midstream Energy Fund has a twelve month low of $34.10 and a twelve month high of $50.61. The stock’s fifty day simple moving average is $45.60 and its 200 day simple moving average is $44.23.

Insider Buying and Selling at NXG Cushing Midstream Energy Fund

In other NXG Cushing Midstream Energy Fund news, CEO John M. Musgrave bought 773 shares of the stock in a transaction dated Thursday, November 21st. The stock was bought at an average cost of $41.80 per share, for a total transaction of $32,311.40. Following the completion of the purchase, the chief executive officer now directly owns 3,095 shares of the company’s stock, valued at approximately $129,371. The trade was a 33.29 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John Alban sold 1,090 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $44.76, for a total value of $48,788.40. The disclosure for this sale can be found here. Insiders bought 968 shares of company stock valued at $40,462 over the last 90 days.

NXG Cushing Midstream Energy Fund Company Profile

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.