Goldman Sachs MLP and Energy Renaissance Fund (GER) To Go Ex-Dividend on May 23rd

Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GERGet Rating) announced a quarterly dividend on Monday, May 16th, Wall Street Journal reports. Shareholders of record on Tuesday, May 24th will be given 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 yield of 5.49%. The ex-dividend date of this dividend is Monday, May 23rd.

Goldman Sachs MLP and Energy Renaissance Fund has decreased its dividend by an average of 51.7% annually over the last three years and has increased its dividend annually for the last 2 consecutive years.

GER stock opened at $12.75 on Wednesday. Goldman Sachs MLP and Energy Renaissance Fund has a one year low of $9.58 and a one year high of $13.62. The firm has a 50-day moving average of $12.27 and a two-hundred day moving average of $11.51.

A number of hedge funds have recently bought and sold shares of GER. Morgan Stanley lifted 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. UBS Group AG lifted its position in shares of Goldman Sachs MLP and Energy Renaissance Fund by 29.9% in the first quarter. UBS Group AG now owns 175,129 shares of the investment management company’s stock worth $2,116,000 after purchasing an additional 40,340 shares in the last quarter. Saba Capital Management L.P. purchased a new stake in shares of Goldman Sachs MLP and Energy Renaissance Fund in the first quarter worth approximately $291,000. Advisor Group Holdings Inc. lifted its position in shares of Goldman Sachs MLP and Energy Renaissance Fund by 28.7% in the first quarter. Advisor Group Holdings Inc. now owns 24,758 shares of the investment management company’s stock worth $299,000 after purchasing an additional 5,528 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position 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.

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.

Further Reading

Dividend History for Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GER)

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