NXG Cushing Midstream Energy Fund (SRV) to Issue Dividend of $0.45 on February 28th

NXG Cushing Midstream Energy Fund (NYSE:SRV) announced a dividend on Sunday, February 16th,investing.com reports. Shareholders 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 yield of 11.39%. The ex-dividend date is Tuesday, February 18th.

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

NXG Cushing Midstream Energy Fund Stock Up 0.9 %

NXG Cushing Midstream Energy Fund stock traded up $0.44 during trading hours on Friday, hitting $47.43. The stock had a trading volume of 25,420 shares, compared to its average volume of 37,181. NXG Cushing Midstream Energy Fund has a 1-year low of $34.42 and a 1-year high of $50.61. The stock’s fifty day moving average is $45.76 and its two-hundred day moving average is $44.46.

Insider Buying and Selling at NXG Cushing Midstream Energy Fund

In related news, insider Jerry V. Swank sold 3,656 shares of the stock in a transaction 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 sale, the insider now owns 6,529 shares of the company’s stock, valued at $305,361.33. This trade represents a 35.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John M. Musgrave acquired 773 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were 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. The trade was a 33.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 968 shares of company stock valued at $40,462.

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.