NXG Cushing Midstream Energy Fund (SRV) To Go Ex-Dividend on December 16th

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.45 per share by the investment management company on Tuesday, December 31st. This represents a $5.40 dividend on an annualized basis and a yield of 12.03%. The ex-dividend date of this dividend is Monday, December 16th.

NXG Cushing Midstream Energy Fund has raised its dividend by an average of 28.1% annually over the last three years.

NXG Cushing Midstream Energy Fund Price Performance

Shares of NYSE SRV opened at $44.90 on Friday. NXG Cushing Midstream Energy Fund has a 12-month low of $33.10 and a 12-month high of $47.34. The stock’s 50 day simple moving average is $44.54 and its 200 day simple moving average is $43.29.

Insiders Place Their Bets

In related news, insider John Alban sold 1,090 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $44.76, for a total value of $48,788.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John M. Musgrave bought 773 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was acquired 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 trade represents a 33.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 968 shares of company stock valued at $40,462 over the last three months.

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.