CUSHING RENAISS/COM (SZC) to Issue Monthly Dividend of $0.14

CUSHING RENAISS/COM (NYSE:SZC) declared a monthly dividend on Tuesday, December 4th, Wall Street Journal reports. Investors of record on Monday, December 17th will be paid a dividend of 0.1367 per share by the investment management company on Monday, December 31st. This represents a $1.64 annualized dividend and a dividend yield of 9.99%. The ex-dividend date is Friday, December 14th.

CUSHING RENAISS/COM has decreased its dividend by an average of 5.9% annually over the last three years.

Shares of NYSE:SZC traded down $0.30 during mid-day trading on Tuesday, hitting $16.42. 20,400 shares of the company traded hands, compared to its average volume of 43,738. CUSHING RENAISS/COM has a 12-month low of $15.11 and a 12-month high of $21.30.

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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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