Cushing MLP Total Return Fund (NYSE:SRV) announced a monthly dividend on Tuesday, January 2nd, NASDAQ reports. Stockholders of record on Friday, January 19th will be given a dividend of 0.09 per share by the investment management company on Wednesday, January 31st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.63%. The ex-dividend date of this dividend is Thursday, January 18th.
Cushing MLP Total Return Fund has decreased its dividend by an average of 37.8% annually over the last three years.
Shares of Cushing MLP Total Return Fund (NYSE SRV) opened at $12.51 on Thursday. The firm has a market capitalization of $86.54, a PE ratio of 8.87 and a beta of 1.49. Cushing MLP Total Return Fund has a 52 week low of $10.00 and a 52 week high of $15.08.
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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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