Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GER – Get Rating) declared a quarterly dividend on Monday, May 16th, Wall Street Journal reports. Shareholders of record on Tuesday, May 24th will be paid a dividend of 0.175 per share by the investment management company on Tuesday, May 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date is Monday, May 23rd.
Goldman Sachs MLP and Energy Renaissance Fund has decreased its dividend payment by an average of 51.7% annually over the last three years and has raised its dividend annually for the last 2 consecutive years.
Shares of GER traded up $0.20 during trading on Monday, reaching $12.49. The company’s stock had a trading volume of 25,600 shares, compared to its average volume of 69,260. The company has a fifty day moving average of $12.24 and a two-hundred day moving average of $11.49. Goldman Sachs MLP and Energy Renaissance Fund has a twelve month low of $9.58 and a twelve month high of $13.62.
Goldman Sachs MLP and Energy Renaissance Fund Company Profile (Get Rating)
Goldman Sachs MLP and Energy Renaissance Fund is a closed-ended equity mutual fund launched and managed by Goldman Sachs Asset Management, L.P. The fund invests in public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector. The fund primarily invests in growth stocks of Master Limited Partnerships and related energy companies across all market capitalizations, with a focus on midstream MLP investments.
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