NXG Cushing Midstream Energy Fund (NYSE:SRV) Announces $0.45 Dividend

Posted by Jeff Wilder on Feb 17th, 2025

NXG Cushing Midstream Energy Fund (NYSE:SRV – Get Free Report) announced a dividend on Monday, February 17th,investing.com reports. Investors of record on Wednesday, February 19th will be paid 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 of this dividend is Tuesday, February 18th.

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

NXG Cushing Midstream Energy Fund Stock Performance

SRV stock traded up $0.44 during trading on Monday, hitting $47.43. The company had a trading volume of 25,420 shares, compared to its average volume of 37,181. The business has a 50-day moving average of $45.76 and a 200-day moving average of $44.46. NXG Cushing Midstream Energy Fund has a one year low of $34.42 and a one year high of $50.61.

Insider Buying and Selling

In related news, CEO John M. Musgrave purchased 773 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was acquired at an average cost 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 $129,371. This represents a 33.29 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Alban sold 1,090 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $44.76, for a total value of $48,788.40. The disclosure for this sale can be found here. Insiders have bought a total of 968 shares of company stock worth $40,462 in the last ninety days.

About NXG Cushing Midstream Energy Fund

(Get Free Report)

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.