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. Investors 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 of this dividend is Thursday, August 17th.
Goldman Sachs MLP and Energy Renassnc Fd has increased 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 down 2.54% on Tuesday, reaching $6.92. 426,610 shares of the company were exchanged. Goldman Sachs MLP and Energy Renassnc Fd has a 12-month low of $6.29 and a 12-month high of $8.90. The company’s 50 day moving average is $7.14 and its 200 day moving average is $7.80.
In related news, insider Denis Lavigueur sold 149,000 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $0.28, for a total transaction of $41,720.00. Also, insider Ganesh Jois acquired 10,450 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were bought at an average price of $7.99 per share, with a total value of $83,495.50. Following the acquisition, the insider now directly owns 33,135 shares of the company’s stock, valued at approximately $264,748.65. The disclosure for this purchase can be found here. Insiders have purchased 96,350 shares of company stock valued at $144,547 in the last 90 days.
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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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