Goldman Sachs MLP and Energy Renassnc Fd to Issue Quarterly Dividend of $0.16 (NYSE:GER)
Goldman Sachs MLP and Energy Renassnc Fd (NYSE:GER) declared a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Shareholders of record on Monday, August 21st will be paid a dividend of 0.16 per share by the investment management company on Monday, August 28th. This represents a $0.64 dividend on an annualized basis and a yield of 9.25%. The ex-dividend date is Thursday, August 17th.
Goldman Sachs MLP and Energy Renassnc Fd has raised its dividend by an average of 84.7% per year over the last three years.
Goldman Sachs MLP and Energy Renassnc Fd (GER) traded up 0.87% during mid-day trading on Wednesday, hitting $6.98. The company’s stock had a trading volume of 44,353 shares. The firm’s 50-day moving average is $7.15 and its 200-day moving average is $7.78. Goldman Sachs MLP and Energy Renassnc Fd has a 12-month low of $6.29 and a 12-month high of $8.90.
In other news, Director Lawrence W. Stranghoener bought 4,900 shares of Goldman Sachs MLP and Energy Renassnc Fd stock in a transaction that occurred on Monday, May 15th. The stock was bought at an average price of $8.19 per share, for a total transaction of $40,131.00. Following the purchase, the director now directly owns 17,400 shares of the company’s stock, valued at approximately $142,506. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ganesh Jois bought 10,450 shares of Goldman Sachs MLP and Energy Renassnc Fd stock in a transaction that occurred on Tuesday, May 23rd. The stock was purchased at an average price of $7.99 per share, with a total value of $83,495.50. Following the purchase, the insider now directly owns 33,135 shares in the company, valued at $264,748.65. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 91,350 shares of company stock valued at $143,597.
Goldman Sachs MLP and Energy Renassnc Fd Company Profile
Goldman Sachs MLP and Energy Renaissance Fund is a non-diversified, closed-end management investment company. It seeks a high level of total return with an emphasis on current distributions to shareholders. It seeks to achieve its investment objective by investing primarily in master limited partnership (MLP) and other energy investments.
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