Goldman Sachs MLP and Energy Renassnc Fd (NYSE:GER) announced a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Stockholders 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 dividend yield of 9.91%. The ex-dividend date is Thursday, August 17th.
Goldman Sachs MLP and Energy Renassnc Fd has raised its dividend payment by an average of 84.7% annually over the last three years.
Shares of Goldman Sachs MLP and Energy Renassnc Fd (NYSE:GER) traded up 0.16% during trading on Friday, reaching $6.46. 288,484 shares of the company were exchanged. The company has a 50 day moving average price of $7.13 and a 200-day moving average price of $7.70. Goldman Sachs MLP and Energy Renassnc Fd has a one year low of $6.29 and a one year high of $8.90.
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In other Goldman Sachs MLP and Energy Renassnc Fd news, insider Denis Lavigueur sold 149,000 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $0.28, for a total value of $41,720.00. Also, insider Ganesh Jois acquired 10,450 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was acquired at an average price of $7.99 per share, with a total value of $83,495.50. Following the acquisition, the insider now owns 33,135 shares in the company, valued at approximately $264,748.65. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 80,450 shares of company stock valued at $102,446.
About Goldman Sachs MLP and Energy Renassnc Fd
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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