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SRV Ex-Dividend Reminder - 7/13/20

2020-07-09 10:28

SRV Ex-Dividend Reminder - 7/13/20

By Dividend Channel Staff, Thursday, July 9, 10:28 AM ET

On 7/13/20, Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) will trade ex-dividend, for its monthly dividend of $0.12, payable on 7/31/20. As a percentage of SRV's recent stock price of $17.40, this dividend works out to approximately 0.69%, so look for shares of Cushing MLP & Infrastructure Total Return Fund to trade 0.69% lower — all else being equal — when SRV shares open for trading on 7/13/20.

Below is a dividend history chart for SRV, showing historical dividends prior to the most recent $0.12 declared by Cushing MLP & Infrastructure Total Return Fund:

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from SRV is likely to continue, and whether the current estimated yield of 8.28% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of SRV shares, versus its 200 day moving average:

Looking at the chart above, SRV's low point in its 52 week range is $1.50 per share, with $23.27 as the 52 week high point — that compares with a last trade of $17.27.Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.

In Thursday trading, Cushing MLP & Infrastructure Total Return Fund shares are currently off about 0.2% on the day.

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