Key Details
Price
$47.00Last Dividend
$0.31Annual Revenue
$3.76 MAnnual ROE
3.98%Beta
0.71Events Calendar
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Dec 27, 2024Next split:
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Oct 23, 2024Analyst ratings
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DALLAS , Dec. 17, 2024 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") declared a special distribution of $0.31477 per common share. This special distribution will be payable to common shareholders pursuant to the table below: Record Date Ex-Dividend Date Payment Date Distribution Amount December 27, 2024 December 27, 2024 December 31, 2024 $0.31477 This special distribution is in addition to the Fund's previously announced December distribution of $0.45 per share.
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DALLAS , Dec. 2, 2024 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") declared monthly distributions of $0.45 per common share for each of December 2024 and January 2025. These monthly distributions will be payable to common shareholders pursuant to the table below: Record Date Ex-Dividend Date Payment Date Distribution Amount Return of Capital Estimate 1 December 16, 2024 December 16, 2024 December 31, 2024 $0.45 0.00 % January 16, 2025 January 16, 2025 January 31, 2025 $0.45 100 % 1The return of capital estimate is based on the Fund's current anticipated earnings and profits for the fiscal year and does not include a projection of gains and losses on the sale of securities which may occur during the remainder of the year.
DALLAS , Nov. 15, 2024 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") announced the preliminary results of its transferable rights offering (the "Offer"). The Offer commenced on October 23, 2024, and expired on November 14, 2024 (the "Expiration Date").
The NXG Cushing Midstream Energy Fund offers a high yield without tax complications, making it suitable for tax-advantaged retirement accounts. The fund's 11.48% yield is significantly higher than its peers, but investors should monitor its sustainability and net asset value. The fund claims to have the ability to invest in debt and fixed-income securities, but it does not appear to be doing so to any great degree.
DALLAS , Oct. 10, 2024 /PRNewswire/ -- The board of trustees (the "Board") of NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") has approved the terms of the issuance of transferable rights ("Rights") to the holders of the Fund's common shares (the "Common Shareholders") of beneficial interest, par value $0.001 per share ("Common Shares"), as of the record date, entitling the holders of those Rights to subscribe for Common Shares (the "Offer"). The Board, based on the recommendations and presentations of the Fund's investment adviser, Cushing ® Asset Management, LP, doing business as NXG Investment Management (the "Investment Adviser"), and others, has determined that it is in the best interests of the Fund and the Common Shareholders to conduct the Offer and thereby to increase the assets of the Fund available for investment.
DALLAS , Sept. 3, 2024 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") declared monthly distributions of $0.45 per common share for each of September, October, and November, 2024.
DALLAS , June 3, 2024 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") declared monthly distributions of $0.45 per common share for each of June, July, and August, 2024. These monthly distributions will be payable to common shareholders pursuant to the table below: Record Date Ex-DividendDate Payment Date DistributionAmount Return of CapitalEstimate 1 6/17/2024 6/17/2024 6/28/2024 $0.45 100 % 7/16/2024 7/16/2024 7/31/2024 $0.45 100 % 8/15/2024 8/15/2024 8/30/2024 $0.45 100 % 1The return of capital estimate is based on the Fund's current anticipated earnings and profits for the fiscal year and does not include a projection of gains and losses on the sale of securities which may occur during the remainder of the year.
The NXG Cushing® Midstream Energy Fund (NYSE: SRV) has announced the establishment of an "at-the-market" offering program, allowing the Fund to sell Common Shares through a distribution agreement with Foreside Fund Services, LLC. Sales of Common Shares will be made through the Distributor in transactions classified as "at-the-market offerings" under Rule 415 of the Securities Act of 1933.
The NXG Cushing Midstream Energy Fund provides investors looking for income with the opportunity to invest in midstream partnerships, which have outperformed the S&P 500 Index in the last three years. With a high income level of 12.35%, the fund offers a yield higher than many similar funds. Since November 2023, the fund's share price has risen by 21.55%, surpassing both the Alerian MLP Index and the large-cap stock index.
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