Cushing Energy Income Cf (SRF) to Issue Monthly Dividend of $0.04
Cushing Energy Income Cf (NYSE:SRF) declared a monthly dividend on Wednesday, September 5th, Wall Street Journal reports. Investors of record on Monday, September 17th will be given a dividend of 0.04 per share on Friday, September 28th. This represents a $0.48 annualized dividend and a dividend yield of 5.13%. The ex-dividend date is Friday, September 14th.
Cushing Energy Income Cf has decreased its dividend payment by an average of 63.7% per year over the last three years.
Shares of SRF stock traded up $0.07 during trading on Friday, hitting $9.35. The company had a trading volume of 7,423 shares, compared to its average volume of 9,690. Cushing Energy Income Cf has a 52 week low of $8.28 and a 52 week high of $10.10.
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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