NXG Cushing Midstream Energy Fund (NYSE:SRV) Declares Monthly Dividend of $0.45

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a monthly dividend on Monday, February 2nd. Investors of record on Thursday, April 16th will be given a dividend of 0.45 per share by the investment management company on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date is Thursday, April 16th.

NXG Cushing Midstream Energy Fund Stock Down 0.2%

Shares of NYSE:SRV opened at $40.54 on Tuesday. NXG Cushing Midstream Energy Fund has a one year low of $34.24 and a one year high of $47.96. The company has a 50-day simple moving average of $39.90 and a 200-day simple moving average of $42.15.

Insider Buying and Selling

In other NXG Cushing Midstream Energy Fund news, Director John Alban purchased 750 shares of the stock in a transaction dated Tuesday, November 11th. The shares were acquired at an average cost of $42.49 per share, for a total transaction of $31,867.50. Following the completion of the transaction, the director directly owned 750 shares of the company’s stock, valued at $31,867.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders acquired 1,480 shares of company stock worth $60,987 in the last quarter.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Parkside Financial Bank & Trust acquired a new stake in shares of NXG Cushing Midstream Energy Fund during the third quarter worth $46,000. Raymond James Financial Inc. acquired a new stake in shares of NXG Cushing Midstream Energy Fund in the second quarter worth approximately $42,000. Keener Financial Planning LLC purchased a new stake in NXG Cushing Midstream Energy Fund in the third quarter valued at approximately $50,000. HighPoint Advisor Group LLC acquired a new position in shares of NXG Cushing Midstream Energy Fund in the 3rd quarter valued at $271,000. Finally, Private Advisor Group LLC boosted its holdings in shares of NXG Cushing Midstream Energy Fund by 9.4% in the 3rd quarter. Private Advisor Group LLC now owns 6,131 shares of the investment management company’s stock valued at $282,000 after purchasing an additional 525 shares during the last quarter.

About NXG Cushing Midstream Energy Fund

The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) is a closed-end management investment company that primarily focuses on equity securities of midstream energy partnerships. The fund seeks to deliver long-term total return through a combination of current distributions and capital appreciation by investing in publicly traded master limited partnerships (MLPs) and affiliated entities engaged in the transportation, storage, processing and marketing of natural gas, crude oil, refined products and related commodities.

The fund’s portfolio is heavily weighted toward midstream energy infrastructure, including pipelines, terminals, storage facilities and processing plants.