Cushing Renaissance Fund to Issue Monthly Dividend of $0.14 (SZC)
Cushing Renaissance Fund (NYSE:SZC) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, October 18th will be given a dividend of 0.1367 per share by the investment management company on Tuesday, October 31st. This represents a $1.64 annualized dividend and a yield of 8.80%. The ex-dividend date is Tuesday, October 17th.
Cushing Renaissance Fund has increased its dividend payment by an average of 10.1% annually over the last three years.
Cushing Renaissance Fund (NYSE:SZC) traded up 0.05% during midday trading on Tuesday, hitting $18.64. The stock had a trading volume of 32,062 shares. Cushing Renaissance Fund has a 52-week low of $15.38 and a 52-week high of $19.10. The company’s 50 day moving average price is $17.57 and its 200-day moving average price is $17.72.
COPYRIGHT VIOLATION NOTICE: “Cushing Renaissance Fund to Issue Monthly Dividend of $0.14 (SZC)” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/03/cushing-renaissance-fund-to-issue-monthly-dividend-of-0-14-szc.html.
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.
Receive News & Ratings for Cushing Renaissance Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cushing Renaissance Fund and related companies with MarketBeat.com's FREE daily email newsletter.