Cushing Energy Income Fund (SRF) Announces $0.04 Monthly Dividend
Cushing Energy Income Fund (NYSE:SRF) announced a monthly dividend on Wednesday, November 1st, NASDAQ reports. Shareholders of record on Thursday, November 16th will be paid a dividend of 0.04 per share on Thursday, November 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend is Wednesday, November 15th.
Cushing Energy Income Fund has decreased its dividend payment by an average of 51.7% per year over the last three years.
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Cushing Energy Income Fund Company Profile
The Cushing Energy Income Fund (the Fund) is a non-diversified and closed-end investment company. The Fund’s investment objective is to seek a high total return with an emphasis on current income. The Fund seeks to achieve its investment objective by investing, under normal market conditions at least 80% of its net assets, plus any borrowings for investment purposes, in public and private securities of energy companies involved in exploring; developing; producing; transporting; gathering and processing; storing; refining; distributing; mining or marketing natural gas; natural gas liquids; crude oil, and refined products or coal.
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