Cushing Energy Income Fund (SRF) to Issue Monthly Dividend of $0.04

Cushing Energy Income Fund (NYSE:SRF) declared a monthly dividend on Thursday, February 1st, Zacks reports. Investors of record on Friday, February 16th will be paid a dividend of 0.04 per share on Wednesday, February 28th. This represents a $0.48 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend is Thursday, February 15th.

Cushing Energy Income Fund has decreased its dividend payment by an average of 63.7% annually over the last three years.

Cushing Energy Income Fund (NYSE SRF) opened at $9.51 on Friday. Cushing Energy Income Fund has a 12-month low of $7.81 and a 12-month high of $10.10.

In related news, major shareholder Richard Page Howard purchased 19,000 shares of Cushing Energy Income Fund stock in a transaction that occurred on Monday, December 4th. The stock was bought at an average cost of $8.85 per share, for a total transaction of $168,150.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have purchased 66,317 shares of company stock valued at $627,317.

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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.

Dividend History for Cushing Energy Income Fund (NYSE:SRF)

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