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

by · The Cerbat Gem

NXG Cushing Midstream Energy Fund (NYSE:SRV – Get Free Report) declared a monthly dividend on Monday, February 2nd. Investors of record on Friday, May 15th will be paid a dividend of 0.45 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date of this dividend is Friday, May 15th.

NXG Cushing Midstream Energy Fund Stock Down 0.2%

NYSE:SRV traded down $0.09 on Monday, reaching $40.54. 45,065 shares of the stock traded hands, compared to its average volume of 61,070. NXG Cushing Midstream Energy Fund has a 12 month low of $34.24 and a 12 month high of $47.96. The company’s fifty day simple moving average is $39.91 and its 200 day simple moving average is $42.16.

Insider Buying and Selling

In other NXG Cushing Midstream Energy Fund news, Director John Alban bought 750 shares of NXG Cushing Midstream Energy Fund stock in a transaction on Tuesday, November 11th. The stock was acquired at an average price of $42.49 per share, with a total value of $31,867.50. Following the acquisition, the director owned 750 shares in the company, valued at approximately $31,867.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders acquired 1,480 shares of company stock worth $60,987.

Institutional Investors Weigh In On NXG Cushing Midstream Energy Fund

Several large investors have recently bought and sold shares of SRV. Raymond James Financial Inc. bought a new position in NXG Cushing Midstream Energy Fund during the 2nd quarter valued at about $42,000. Parkside Financial Bank & Trust purchased a new position in shares of NXG Cushing Midstream Energy Fund during the third quarter valued at approximately $46,000. Keener Financial Planning LLC purchased a new stake in NXG Cushing Midstream Energy Fund in the third quarter worth approximately $50,000. HighPoint Advisor Group LLC purchased a new stake in NXG Cushing Midstream Energy Fund in the third quarter worth approximately $271,000. Finally, Private Advisor Group LLC grew its position in NXG Cushing Midstream Energy Fund by 9.4% in the 3rd quarter. Private Advisor Group LLC now owns 6,131 shares of the investment management company’s stock worth $282,000 after purchasing an additional 525 shares during the period.

About NXG Cushing Midstream Energy Fund

(Get Free Report)

The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) is a closed-end management investment company that primarily focuses on equity securities of midstream energy partnerships. The fund seeks to deliver long-term total return through a combination of current distributions and capital appreciation by investing in publicly traded master limited partnerships (MLPs) and affiliated entities engaged in the transportation, storage, processing and marketing of natural gas, crude oil, refined products and related commodities.

The fund’s portfolio is heavily weighted toward midstream energy infrastructure, including pipelines, terminals, storage facilities and processing plants.

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