Cushing Renaissance Fund (SZC) Plans Monthly Dividend of $0.14
Cushing Renaissance Fund (NYSE:SZC) announced a monthly dividend on Wednesday, July 5th, Wall Street Journal reports. Shareholders of record on Tuesday, July 18th will be given a dividend of 0.1367 per share by the investment management company on Monday, July 31st. This represents a $1.64 dividend on an annualized basis and a yield of 9.40%. The ex-dividend date of this dividend is Friday, July 14th.
Cushing Renaissance Fund has increased its dividend by an average of 10.1% per year over the last three years.
Cushing Renaissance Fund (NYSE:SZC) traded down 0.63% during midday trading on Wednesday, reaching $17.45. The company’s stock had a trading volume of 29,338 shares. The stock’s 50 day moving average price is $17.51 and its 200-day moving average price is $17.95. Cushing Renaissance Fund has a one year low of $14.95 and a one year high of $19.10.
About Cushing Renaissance Fund
The Cushing Renaissance Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek a high total return with an emphasis on current income. It seeks to achieve its investment objective by investing at least 80% of its managed assets in upstream, midstream and downstream energy companies, as well as oil and gas services companies; chemical, metal and industrial and manufacturing companies; engineering and construction companies, and transportation and logistics companies.
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