Goldman Sachs MLP Income Opportun Fund (NYSE:GMZ) announced a quarterly dividend on Thursday, November 7th, Zacks reports. Stockholders of record on Thursday, November 21st will be given a dividend of 0.21 per share by the investment management company on Friday, November 29th. This represents a $0.84 annualized dividend and a dividend yield of 14.48%. The ex-dividend date is Wednesday, November 20th.
NYSE GMZ opened at $5.80 on Tuesday. The company’s 50 day moving average is $6.34 and its 200-day moving average is $7.21. Goldman Sachs MLP Income Opportun Fund has a 12-month low of $5.75 and a 12-month high of $9.00.
In other news, major shareholder Goldman Sachs Group Inc sold 10,799 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $5.63, for a total value of $60,798.37. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders sold 86,553 shares of company stock worth $412,939.
Goldman Sachs MLP Income Opportunities Fund is a closed ended equity mutual fund launched and managed by Goldman Sachs Asset Management, L.P. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the energy sector. It primarily invests in "midstream" master limited partnerships that are engaged in the treatment, gathering, compression, processing, transportation, transmission, fractionation, storage, and termination of natural gas, natural gas liquids, crude oil, refined products or coal.
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