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Cushing Royalty & Income (NYSE:SRF) announced a quarterly dividend on Thursday, August 28th, American Banking & Market News reports. Shareholders of record on Thursday, September 18th will be paid a dividend of 0.50 per share on Tuesday, September 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.82%.

Cushing Royalty & Income (NYSE:SRF) traded down 0.01% during mid-day trading on Thursday, hitting $20.428. 12,336 shares of the company’s stock traded hands. Cushing Royalty & Income has a one year low of $16.21 and a one year high of $21.19. The stock has a 50-day moving average of $20.07 and a 200-day moving average of $19.32.

The Cushing Royalty & Income Fund (NYSE:SRF) is organized as a non-diversified, closed-end management investment company.

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