NXG Cushing Midstream Energy Fund (SRV) To Go Ex-Dividend on December 27th

NXG Cushing Midstream Energy Fund (NYSE:SRV) announced a — dividend on Tuesday, December 17th,Wall Street Journal reports. Stockholders of record on Friday, December 27th will be paid a dividend of 0.3148 per share by the investment management company on Tuesday, December 31st. This represents a dividend 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% annually over the last three years.

NXG Cushing Midstream Energy Fund Stock Performance

Shares of NYSE SRV opened at $44.15 on Wednesday. The firm has a 50 day moving average price of $44.03 and a 200 day moving average price of $43.33. NXG Cushing Midstream Energy Fund has a 52-week low of $33.46 and a 52-week high of $47.34.

Insider Activity

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

About NXG Cushing Midstream Energy Fund

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.