Dividend of The Day: Will Nov 30, 2016 be the day The Cushing MLP Total Return Fund (NYSE:SRV) makes dividends of $0.09?

Dividend of The Day: Will Nov 30, 2016 be the day The Cushing MLP Total Return Fund (NYSE:SRV) makes dividends of $0.09?

The Cushing MLP Total Return Fund (NYSE:SRV) is expected to pay $0.09 on Nov 30, 2016. The indicated annual dividend is $1.08. Shareholders owning the stock before Nov 15, 2016 will be eligible to receive the payout. Based on The Cushing MLP Total Return Fund’s current price of $12.05, the dividend is 0.75%. This dividend’s record date is Nov 17, 2016 and the announcement date is Nov 2, 2016. The stock decreased 1.31% or $0.16 on November 11, hitting $12.05. Cushing MLP Total Return Fund (NYSE:SRV) has risen 16.09% since April 12, 2016 and is uptrending. It has outperformed by 11.11% the S&P500.

The Cushing MLP Total Return Fund is a non-diversified, closed-end management investment company. The company has a market cap of $80.08 million. The Fund’s investment objective is to obtain a high after-tax total return from a combination of capital appreciation and current income. It currently has negative earnings. The Fund seeks to achieve its investment objective by investing approximately 80% of its net assets, plus any borrowings for investment purposes, in master limited partnership (MLP) investments; over 50% of its Managed Assets in securities of MLPs and other natural resource companies that are not publicly traded, or that are otherwise restricted securities, and over 20% of its Managed Assets in securities of companies that are not MLPs, including other natural resource companies, and the United States and non-United States issuers that may not constitute other natural resource companies, among others.

SRV 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 will invest at least 80% of its net assets, plus any borrowings for investment purposes, in master limited partnership (MLP) investments. For purposes of the Fund’s 80% investment policy, MLP investments are investments that offer economic exposure to public and private MLPs in the form of common or subordinated units issued by MLPs, securities of entities holding primarily general partner or managing member interests in MLPs, debt securities of MLPs, and securities that are derivatives of interests in MLPs. The Fund will be managed by Swank Energy Income Advisors, LP.

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