CUSHING RENAISS/COM (NYSE:SZC)’s stock is set to reverse split on the morning of 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.
NYSE:SZC traded up $0.17 during mid-day trading on Wednesday, hitting $7.80. The stock had a trading volume of 160,900 shares, compared to its average volume of 99,135. CUSHING RENAISS/COM has a 52 week low of $3.24 and a 52 week high of $15.21. The company has a 50 day simple moving average of $7.19 and a 200-day simple moving average of $10.33.
The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.0533 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.64 annualized dividend and a dividend yield of 8.20%.
About CUSHING RENAISS/COM
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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