Shares of Cushing MLP Total Return Fund (NYSE:SRV) are scheduled to reverse split before the market opens on Monday, June 15th. The 1-4 reverse split was announced on Tuesday, June 2nd. The number of shares owned by shareholders will be adjusted after the market closes on Friday, June 12th.
SRV stock traded down $0.04 on Wednesday, hitting $5.42. 51,700 shares of the company’s stock traded hands, compared to its average volume of 52,754. Cushing MLP Total Return Fund has a 1-year low of $1.50 and a 1-year high of $10.74. The stock has a fifty day moving average of $4.73 and a 200-day moving average of $7.48.
The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.1919 dividend. This represents a $2.30 annualized dividend and a dividend yield of 42.49%. The ex-dividend date is Friday, June 12th. This is an increase from Cushing MLP Total Return Fund’s previous monthly dividend of $0.09.
About Cushing MLP Total Return Fund
Cushing MLP Total Return Fund is a closed-ended balanced mutual fund launched by Swank Capital, LLC. The fund is managed by Swank Energy Income Advisors L.P. It invests in the public equity and fixed income markets across the globe with a focus in United States. The fund typically invests in MLPs, Other Natural Resource Companies, and global commodities.
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