Cushing MLP Total Return Fund Announces Monthly Dividend of $0.09 (SRV)
Cushing MLP Total Return Fund (NYSE:SRV) announced a monthly dividend on Tuesday, August 1st, NASDAQ reports. Shareholders of record on Thursday, August 17th will be paid a dividend of 0.09 per share by the investment management company on Thursday, August 31st. This represents a $1.08 annualized dividend and a yield of 8.67%. The ex-dividend date of this dividend is Tuesday, August 15th.
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 down 0.9647% during mid-day trading on Wednesday, reaching $12.3299. 8,256 shares of the company’s stock traded hands. Cushing MLP Total Return Fund has a 12-month low of $11.15 and a 12-month high of $15.08. The firm has a 50-day moving average of $12.18 and a 200 day moving average of $13.43.
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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