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NXG Cushing Midstream Energy Fund (SRV) Stock Split History

NXG Cushing Midstream Energy Fund has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on September 14, 2015 with the ratio of 1-for-5, meaning that for 5 shares of SRV owned pre-split, shareholders then owned 1 share. The most recent stock split took place on June 15, 2020 on a 1-for-4 basis.

These actions have increased SRV stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only change the number of shares and the price per share with no impact on NXG Cushing Midstream Energy Fund's total market capitalization.

For more detailed information of NXG Cushing Midstream Energy Fund's stock splits, view the table below:

SRV stock split list

Date Split Ratio
2020-06-15 1 - for - 4
2015-09-14 1 - for - 5

Will NXG Cushing Midstream Energy Fund Stock Split in 2024?

The answer will depend on the decisions of the company's managers and market volatility. NXG Cushing Midstream Energy Fund has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when SRV stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by NXG Cushing Midstream Energy Fund's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.

Stock Splits of Industry Leaders

Ticker Symbol Latest Split Date Split Ratio
CLM 2014-12-29 1 - for - 4
$17.02
price up icon 0.24%
$16.29
price up icon 0.56%
closed_end_fund_equity USA
$6.71
price up icon 0.30%
$8.04
price up icon 0.25%
closed_end_fund_equity GDV
$22.34
price up icon 0.13%
closed_end_fund_equity ETY
$12.96
price up icon 0.08%
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