Cushing Renaissance Fund Plans Monthly Dividend of $0.14 (SZC)
Cushing Renaissance Fund (NYSE:SZC) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Monday, December 18th will be given a dividend of 0.1367 per share by the investment management company on Friday, December 29th. This represents a $1.64 annualized dividend and a yield of 8.52%. The ex-dividend date is Friday, December 15th.
Cushing Renaissance Fund has increased its dividend by an average of 10.1% per year over the last three years.
Cushing Renaissance Fund (NYSE SZC) traded down $0.14 during trading on Monday, reaching $19.25. The company had a trading volume of 23,942 shares, compared to its average volume of 26,312. Cushing Renaissance Fund has a fifty-two week low of $16.53 and a fifty-two week high of $19.58.
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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.
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