Stocks: Cushing Energy Income Fund (SRF) To Go Ex-Dividend on May 17th

Stocks: Cushing Energy Income Fund (SRF) To Go Ex-Dividend on May 17th

Cushing Energy Income Fund (NYSE:SRF) declared a monthly dividend on Tuesday, May 2nd. Shareholders of record on Friday, May 19th will be given a dividend of 0.04 per share on Wednesday, May 31st. This represents a $0.48 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend is Wednesday, May 17th.

Cushing Energy Income Fund has decreased its dividend by an average of 51.7% annually over the last three years.

Cushing Energy Income Fund (NYSE:SRF) traded down 0.22% on Friday, hitting $9.01. 101 shares of the company’s stock traded hands. The stock has a 50-day moving average of $9.27 and a 200-day moving average of $9.55. Cushing Energy Income Fund has a one year low of $8.24 and a one year high of $10.14.

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.

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