NXG Cushing Midstream Energy Fund (SRV) To Go Ex-Dividend on February 18th

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a dividend on Sunday, February 16th,investing.com reports. Investors of record on Wednesday, February 19th will be given 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 raised its dividend by an average of 55.4% per year over the last three years.

NXG Cushing Midstream Energy Fund Stock Performance

Shares of NYSE:SRV traded up $0.44 during midday trading on Friday, hitting $47.43. 25,420 shares of the company’s stock traded hands, compared to its average volume of 37,181. The firm’s fifty day moving average price is $45.76 and its two-hundred day moving average price is $44.46. NXG Cushing Midstream Energy Fund has a twelve month low of $34.42 and a twelve month high of $50.61.

Insider Activity at NXG Cushing Midstream Energy Fund

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