NXG Cushing Midstream Energy Fund (NYSE:SRV) Plans — Dividend of $0.31

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a — dividend on Thursday, December 19th,Wall Street Journal reports. Shareholders of record on Friday, December 27th will be given a dividend of 0.3148 per share by the investment management company on Tuesday, December 31st. This represents a yield of 13.1%. The ex-dividend date of this dividend is Friday, December 27th.

NXG Cushing Midstream Energy Fund has increased its dividend payment by an average of 28.1% per year over the last three years.

NXG Cushing Midstream Energy Fund Stock Performance

Shares of NYSE:SRV remained flat at $41.20 during trading on Thursday. 44,235 shares of the stock were exchanged, compared to its average volume of 30,507. The business’s fifty day moving average is $44.32 and its two-hundred day moving average is $43.32. NXG Cushing Midstream Energy Fund has a 12 month low of $33.46 and a 12 month high of $47.34.

Insider Buying and Selling at NXG Cushing Midstream Energy Fund

In other NXG Cushing Midstream Energy Fund news, CEO John M. Musgrave purchased 773 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were purchased at an average price of $41.80 per share, for a total transaction of $32,311.40. Following the completion of the transaction, the chief executive officer now owns 3,095 shares in the company, valued at $129,371. This represents a 33.29 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Alban sold 1,090 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $44.76, for a total transaction of $48,788.40. The disclosure for this sale can be found here. In the last ninety days, insiders bought 968 shares of company stock valued at $40,462.

NXG Cushing Midstream Energy Fund Company Profile

NXG Cushing Midstream Energy Fund is a closed-ended balanced mutual fund launched by Swank Capital, LLC. The fund is managed by Swank Energy Income Advisors L.P. It invests in the public equity and fixed income markets across the globe with a focus in United States. The fund typically invests in MLPs, Other Natural Resource Companies, and global commodities.