Cushing Energy Income Fund (SRF) Earning Somewhat Favorable News Coverage, Report Shows
News coverage about Cushing Energy Income Fund (NYSE:SRF) has trended somewhat positive on Wednesday, Accern reports. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cushing Energy Income Fund earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 47.2006396818573 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Cushing Energy Income Fund (NYSE:SRF) traded up 0.335% on Wednesday, hitting $8.679. The stock had a trading volume of 6,185 shares. The stock’s 50-day moving average price is $8.12 and its 200 day moving average price is $8.67. Cushing Energy Income Fund has a 52 week low of $7.81 and a 52 week high of $10.14.
The firm also recently announced a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.04 per share. The ex-dividend date is Friday, September 15th. This represents a $0.48 annualized dividend and a dividend yield of 5.54%.
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About Cushing Energy Income Fund
The Cushing Energy Income Fund (the Fund) is a non-diversified and closed-end investment company. The Fund’s investment objective is to seek a high total return with an emphasis on current income. The Fund seeks to achieve its investment objective by investing, under normal market conditions at least 80% of its net assets, plus any borrowings for investment purposes, in public and private securities of energy companies involved in exploring; developing; producing; transporting; gathering and processing; storing; refining; distributing; mining or marketing natural gas; natural gas liquids; crude oil, and refined products or coal.
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