The Cushing MLP Total Return Fund to Issue Monthly Dividend of $0.09 (NYSE:SRV)

The Cushing MLP Total Return Fund to Issue Monthly Dividend of $0.09 (NYSE:SRV)

Cushing MLP Total Return Fund has decreased its dividend by an average of 31.6% annually over the last three years.

Cushing MLP Total Return Fund (NYSE:SRV) declared a monthly dividend on Tuesday, August 1st, NASDAQ reports. Shareholders of record on Thursday, August 17th will be given a dividend of 0.09 per share by the investment management company on Thursday, August 31st. This represents a $1.08 annualized dividend and a yield of 8.67%. The ex-dividend date of this dividend is Tuesday, August 15th.

Cushing MLP Total Return Fund (SRV) traded down 0.48% on Wednesday, reaching $12.39. 8,756 shares of the company’s stock traded hands. The stock’s 50 day moving average is $12.18 and its 200 day moving average is $13.43. Cushing MLP Total Return Fund has a 52-week low of $11.15 and a 52-week high of $15.08.

Cushing MLP Total Return Fund Company Profile

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.

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