Goldman Sachs MLP (NYSE:GER) announced a quarterly dividend on Friday, May 4th, Wall Street Journal reports. Investors of record on Monday, May 21st will be paid a dividend of 0.16 per share by the investment management company on Tuesday, May 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 9.73%. The ex-dividend date is Friday, May 18th.
Goldman Sachs MLP has increased its dividend by an average of 26.0% per year over the last three years.
Shares of NYSE:GER opened at $6.58 on Thursday. Goldman Sachs MLP has a fifty-two week low of $5.25 and a fifty-two week high of $8.04.
About Goldman Sachs MLP
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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