Cushing Renaissance Fund Announces Monthly Dividend of $0.14 (SZC)
Cushing Renaissance Fund (NYSE:SZC) announced a monthly dividend on Friday, February 2nd, Wall Street Journal reports. Investors of record on Friday, February 16th will be paid a dividend of 0.1367 per share by the investment management company on Wednesday, February 28th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 8.80%. The ex-dividend date is Thursday, February 15th.
Cushing Renaissance Fund has decreased its dividend payment by an average of 5.9% per year over the last three years.
Shares of Cushing Renaissance Fund (SZC) opened at $18.64 on Friday. Cushing Renaissance Fund has a 52 week low of $16.53 and a 52 week high of $21.30.
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The Cushing Renaissance Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek a high total return with an emphasis on current income. It seeks to achieve its investment objective by investing at least 80% of its managed assets in upstream, midstream and downstream energy companies, as well as oil and gas services companies; chemical, metal and industrial and manufacturing companies; engineering and construction companies, and transportation and logistics companies.
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