Cushing Renaissance Fund (SZC) Receives Daily Coverage Optimism Score of 0.06
Headlines about Cushing Renaissance Fund (NYSE:SZC) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cushing Renaissance Fund earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave news articles about the investment management company an impact score of 47.1203928998456 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Cushing Renaissance Fund (SZC) traded up $0.12 during trading on Thursday, reaching $19.69. 32,300 shares of the company’s stock were exchanged, compared to its average volume of 26,443. Cushing Renaissance Fund has a 52 week low of $16.53 and a 52 week high of $19.89.
The firm also recently announced a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be given a dividend of $0.1367 per share. The ex-dividend date is Friday, December 15th. This represents a $1.64 dividend on an annualized basis and a yield of 8.33%.
About Cushing Renaissance Fund
The Cushing Renaissance Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek a high total return with an emphasis on current income. It seeks to achieve its investment objective by investing at least 80% of its managed assets in upstream, midstream and downstream energy companies, as well as oil and gas services companies; chemical, metal and industrial and manufacturing companies; engineering and construction companies, and transportation and logistics companies.
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