Goldman Sachs MLP Income Opportun Fund (NYSE:GMZ) declared a quarterly dividend on Wednesday, February 7th, Wall Street Journal reports. Stockholders of record on Thursday, February 22nd will be paid a dividend of 0.21 per share by the investment management company on Wednesday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 9.82%. The ex-dividend date of this dividend is Wednesday, February 21st.
Goldman Sachs MLP Income Opportun Fund has decreased its dividend by an average of 13.3% per year over the last three years.
Shares of Goldman Sachs MLP Income Opportun Fund (NYSE:GMZ) traded down $0.08 on Wednesday, hitting $8.55. 168,375 shares of the stock traded hands, compared to its average volume of 207,620. Goldman Sachs MLP Income Opportun Fund has a 12 month low of $7.85 and a 12 month high of $10.93.
In other news, Director David A. Viniar sold 17,500 shares of Goldman Sachs MLP Income Opportun Fund stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $251.19, for a total value of $4,395,825.00. Following the transaction, the director now owns 710,925 shares of the company’s stock, valued at approximately $178,577,250.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO R. Martin Chavez sold 10,289 shares of Goldman Sachs MLP Income Opportun Fund stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $268.72, for a total transaction of $2,764,860.08. Following the completion of the transaction, the chief financial officer now directly owns 95,864 shares in the company, valued at approximately $25,760,574.08. The disclosure for this sale can be found here. In the last ninety days, insiders bought 139,950 shares of company stock worth $2,308,849 and sold 73,730 shares worth $19,473,145.
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Goldman Sachs MLP Income Opportun Fund Company Profile
Goldman Sachs MLP Income Opportunities Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks a high level of total return with an emphasis on current distributions to shareholders. The Fund seeks to achieve its investment objective by investing primarily in master limited partnerships (MLPs).
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