NXG Cushing Midstream Energy Fund (NYSE:SRV) Plans Dividend of $0.45

Posted by Hanz Christensen on Feb 17th, 2025

NXG Cushing Midstream Energy Fund (NYSE:SRV – Get Free Report) announced a dividend on Sunday, February 16th,investing.com reports. Stockholders of record on Wednesday, February 19th will be paid a dividend of 0.45 per share by the investment management company on Friday, February 28th. This represents a dividend yield of 11.39%. The ex-dividend date of this dividend is Tuesday, February 18th.

NXG Cushing Midstream Energy Fund has increased its dividend by an average of 55.4% annually over the last three years.

NXG Cushing Midstream Energy Fund Stock Up 0.9 %

SRV stock traded up $0.44 during midday trading on Friday, reaching $47.43. 25,420 shares of the company’s stock traded hands, compared to its average volume of 37,181. The stock’s 50-day moving average is $45.76 and its 200 day moving average is $44.45. NXG Cushing Midstream Energy Fund has a 52-week low of $34.42 and a 52-week high of $50.61.

Insider Buying and Selling at NXG Cushing Midstream Energy Fund

In other news, insider Jerry V. Swank sold 3,656 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $46.77, for a total transaction of $170,991.12. Following the transaction, the insider now owns 6,529 shares of the company’s stock, valued at approximately $305,361.33. This represents a 35.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John M. Musgrave bought 773 shares of the stock in a transaction dated Thursday, November 21st. The shares were bought at an average cost of $41.80 per share, with a total value of $32,311.40. Following the completion of the purchase, the chief executive officer now directly owns 3,095 shares of the company’s stock, valued at approximately $129,371. This trade represents a 33.29 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 968 shares of company stock valued at $40,462 over the last 90 days.

NXG Cushing Midstream Energy Fund Company Profile

(Get Free Report)

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.