Cushing MLP Total Return Fund (SRV) Announces Monthly Dividend of $0.09

Cushing MLP Total Return Fund (NYSE:SRV) announced a monthly dividend on Thursday, February 1st, Zacks reports. Shareholders of record on Friday, February 16th will be given a dividend of 0.09 per share by the investment management company on Wednesday, February 28th. This represents a $1.08 dividend on an annualized basis and a yield of 8.45%. The ex-dividend date is Thursday, February 15th.

Cushing MLP Total Return Fund has decreased its dividend by an average of 37.8% annually over the last three years.

Cushing MLP Total Return Fund (NYSE:SRV) traded down $0.05 during trading hours on Friday, reaching $12.78. 1,749 shares of the company’s stock were exchanged, compared to its average volume of 59,206. The firm has a market cap of $87.01, a P/E ratio of 9.10 and a beta of 1.49. Cushing MLP Total Return Fund has a twelve month low of $10.00 and a twelve month high of $15.08.

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About Cushing MLP Total Return Fund

The Cushing MLP Total Return Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to obtain a high after-tax total return from a combination of capital appreciation and current income. The Fund, under normal market conditions, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in a portfolio of master limited partnerships (MLPs) and MLP-related investments.

Dividend History for Cushing MLP Total Return Fund (NYSE:SRV)

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