The Cushing Renaissance Fund (NYSE:SZC) declared a monthly dividend on Thursday, September 2nd, Wall Street Journal reports. Shareholders of record on Monday, October 18th will be given a dividend of 0.2132 per share by the investment management company on Friday, October 29th. This represents a $2.56 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend is Friday, October 15th.
The Cushing Renaissance Fund has decreased its dividend payment by 11.7% over the last three years and has raised its dividend annually for the last 2 consecutive years.
SZC opened at $48.15 on Thursday. The stock has a fifty day simple moving average of $46.16 and a two-hundred day simple moving average of $45.72. The Cushing Renaissance Fund has a 12-month low of $26.07 and a 12-month high of $50.94.
About The Cushing Renaissance Fund
The Cushing Renaissance Fund is a closed ended equity mutual fund launched and managed by Cushing MLP Asset Management, LP. The fund invests in stocks of companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services and logistics companies, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies.
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