NXG Cushing Midstream Energy Fund to Issue Monthly Dividend of $0.50 (NYSE:SRV)

NXG Cushing Midstream Energy Fund (NYSE:SRV) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.50 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 13.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

NXG Cushing Midstream Energy Fund Trading Up 0.6%

Shares of NYSE SRV traded up $0.25 during mid-day trading on Tuesday, reaching $45.10. 51,950 shares of the company’s stock were exchanged, compared to its average volume of 61,731. NXG Cushing Midstream Energy Fund has a 52 week low of $38.11 and a 52 week high of $51.54. The firm has a 50-day moving average price of $47.77 and a two-hundred day moving average price of $46.49.

Institutional Trading of NXG Cushing Midstream Energy Fund

Large investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp bought a new stake in NXG Cushing Midstream Energy Fund in the first quarter worth about $25,000. Raymond James Financial Inc. bought a new position in shares of NXG Cushing Midstream Energy Fund during the 2nd quarter valued at approximately $42,000. Symphony Financial Services Inc. purchased a new stake in shares of NXG Cushing Midstream Energy Fund during the 4th quarter worth approximately $207,000. Janney Montgomery Scott LLC increased its stake in shares of NXG Cushing Midstream Energy Fund by 20.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 6,280 shares of the investment management company’s stock worth $245,000 after purchasing an additional 1,076 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of NXG Cushing Midstream Energy Fund by 21.6% in the 4th quarter. Jane Street Group LLC now owns 6,724 shares of the investment management company’s stock worth $263,000 after purchasing an additional 1,196 shares during the period.

About NXG Cushing Midstream Energy Fund

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.