Goldman Sachs MLP and Energy Renassnc Fd (NYSE:GER) announced a quarterly dividend on Wednesday, February 7th, Wall Street Journal reports. Investors of record on Thursday, February 22nd will be paid a dividend of 0.16 per share by the investment management company on Wednesday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 9.68%. The ex-dividend date is Wednesday, February 21st.
Goldman Sachs MLP and Energy Renassnc Fd has raised its dividend by an average of 26.0% per year over the last three years.
Shares of Goldman Sachs MLP and Energy Renassnc Fd (GER) opened at $6.61 on Tuesday. Goldman Sachs MLP and Energy Renassnc Fd has a 52 week low of $5.25 and a 52 week high of $8.68.
In other news, Director Lawrence W. Stranghoener acquired 7,500 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was acquired at an average price of $6.69 per share, for a total transaction of $50,175.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew Cooper acquired 13,250 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was purchased at an average price of $5.67 per share, with a total value of $75,127.50. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 48,250 shares of company stock valued at $293,478.
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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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