Cushing MLP Total Return Fund (srv) Announces $0.09 Monthly Dividend
Cushing MLP Total Return Fund (NYSE:srv) announced a monthly dividend on Monday, May 1st. Shareholders of record on Friday, May 19th will be paid a dividend of 0.09 per share by the investment management company on Wednesday, May 31st. This represents a $1.08 annualized dividend and a yield of 8.08%. The ex-dividend date is Wednesday, May 17th.
Cushing MLP Total Return Fund has decreased its dividend payment by an average of 31.6% per year over the last three years.
Shares of Cushing MLP Total Return Fund (NYSE:SRV) traded up 0.37% during midday trading on Friday, reaching $13.42. 10,530 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $13.80 and its 200 day moving average price is $13.55. Cushing MLP Total Return Fund has a one year low of $11.12 and a one year high of $15.08.
About Cushing MLP Total Return Fund
The Cushing MLP Total Return Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to obtain a high after-tax total return from a combination of capital appreciation and current income. The Fund, under normal market conditions, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in a portfolio of master limited partnerships (MLPs) and MLP-related investments.
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