USCF Midstream Energy Income Fund (NYSEARCA:UMI) Plans Dividend Increase – $1.22 Per Share

USCF Midstream Energy Income Fund (NYSEARCA:UMI) declared a monthly dividend on Monday, December 22nd. Shareholders of record on Tuesday, December 23rd will be paid a dividend of 1.2165 per share on Friday, December 26th. This represents a c) dividend on an annualized basis and a yield of 29.7%. The ex-dividend date of this dividend is Tuesday, December 23rd. This is a 166.0% increase from USCF Midstream Energy Income Fund’s previous monthly dividend of $0.46.

USCF Midstream Energy Income Fund Stock Down 1.5%

Shares of USCF Midstream Energy Income Fund stock traded down $0.73 on Tuesday, hitting $49.08. The company’s stock had a trading volume of 6,369 shares, compared to its average volume of 22,088. The firm has a fifty day moving average price of $49.58 and a 200-day moving average price of $50.08. The company has a market capitalization of $379.35 million, a P/E ratio of 18.78 and a beta of 0.68. USCF Midstream Energy Income Fund has a 52-week low of $43.80 and a 52-week high of $55.05.

About USCF Midstream Energy Income Fund

The USCF Midstream Energy Income Fund (UMI) is an exchange-traded fund that mostly invests in energy equity. The fund holds an actively-managed portfolio of midstream energy infrastructure companies. The fund is income-focused and uses a fundamental approach that integrates ESG research. UMI was launched on Mar 24, 2021 and is managed by USCF Advisers.