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.

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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.

Dividend History for Cushing Renaissance Fund (NYSE:SZC)

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