NXG Cushing Midstream Energy Fund Plans — Dividend of $0.31 (NYSE:SRV)

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared 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 by an average of 28.1% annually over the last three years.

NXG Cushing Midstream Energy Fund Stock Performance

Shares of NYSE:SRV remained flat at $41.20 on Thursday. 44,238 shares of the stock traded hands, compared to its average volume of 30,512. The stock’s 50-day moving average is $44.32 and its 200-day moving average is $43.32. NXG Cushing Midstream Energy Fund has a 12-month low of $33.46 and a 12-month high of $47.34.

Insider Buying and Selling at NXG Cushing Midstream Energy Fund

In related news, CEO John M. Musgrave acquired 773 shares of NXG Cushing Midstream Energy Fund stock in a transaction on 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 $129,371. The trade was a 33.29 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John Alban sold 1,090 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $44.76, for a total transaction of $48,788.40. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 968 shares of company stock worth $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.