Cushing MLP Total Return Fund (SRV) Declares Monthly Dividend of $0.09
Cushing MLP Total Return Fund (NYSE:SRV) announced a monthly dividend on Friday, September 1st, NASDAQ reports. Stockholders of record on Monday, September 18th will be given a dividend of 0.09 per share by the investment management company on Friday, September 29th. This represents a $1.08 annualized dividend and a dividend yield of 9.25%. The ex-dividend date is Friday, September 15th.
Cushing MLP Total Return Fund has decreased its dividend payment by an average of 31.6% annually over the last three years.
Shares of Cushing MLP Total Return Fund (NYSE:SRV) opened at 11.67 on Friday. Cushing MLP Total Return Fund has a 52-week low of $11.15 and a 52-week high of $15.08. The stock’s 50 day moving average is $11.93 and its 200 day moving average is $12.94.
Cushing MLP Total Return Fund Company Profile
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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