Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GER) Plans Quarterly Dividend of $0.18

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.

Hedge funds have recently bought and sold shares of the stock. Advisor Group Holdings Inc. grew its stake in Goldman Sachs MLP and Energy Renaissance Fund by 28.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 24,758 shares of the investment management company’s stock worth $299,000 after buying an additional 5,528 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Goldman Sachs MLP and Energy Renaissance Fund by 7.5% in the first quarter. Private Advisor Group LLC now owns 32,454 shares of the investment management company’s stock worth $392,000 after purchasing an additional 2,266 shares in the last quarter. UBS Group AG boosted its stake in Goldman Sachs MLP and Energy Renaissance Fund by 29.9% during the first quarter. UBS Group AG now owns 175,129 shares of the investment management company’s stock valued at $2,116,000 after buying an additional 40,340 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Goldman Sachs MLP and Energy Renaissance Fund by 36.8% during the second quarter. Morgan Stanley now owns 406,703 shares of the investment management company’s stock valued at $4,657,000 after buying an additional 109,322 shares in the last quarter.

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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