NXG Cushing Midstream Energy Fund (NYSE:SRV) Declares $0.31 — Dividend

Posted by Jeanne O'Marion on Dec 19th, 2024

NXG Cushing Midstream Energy Fund (NYSE:SRV – Get Free Report) declared a — dividend on Tuesday, December 17th,Wall Street Journal reports. Stockholders of record on Friday, December 27th will be given a dividend of 0.3148 per share by the investment management company on Tuesday, December 31st. This represents a dividend yield of 13.1%. The ex-dividend date is Friday, December 27th.

NXG Cushing Midstream Energy Fund has raised its dividend by an average of 28.1% annually over the last three years.

NXG Cushing Midstream Energy Fund Stock Performance

SRV remained flat at $41.20 during trading on Thursday. 44,238 shares of the company traded hands, compared to its average volume of 30,512. The stock has a 50-day moving average price of $44.32 and a 200-day moving average price of $43.32. NXG Cushing Midstream Energy Fund has a 52 week low of $33.46 and a 52 week high of $47.34.

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 NXG Cushing Midstream Energy Fund stock in a transaction dated Thursday, November 21st. The shares were purchased at an average cost of $41.80 per share, for a total transaction of $32,311.40. Following the acquisition, the chief executive officer now directly owns 3,095 shares in the company, valued at approximately $129,371. This represents a 33.29 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider John Alban sold 1,090 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $44.76, for a total transaction of $48,788.40. The disclosure for this sale can be found here. Insiders purchased 968 shares of company stock valued at $40,462 in the last 90 days.

NXG Cushing Midstream Energy Fund Company Profile

(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.