Cash Dividend On The Way From Goldman Sachs Group Non-Cumulative Preferred Stock, Series B

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On 7/23/14, Goldman Sachs Group Incorporated's 6.20% Non-Cumulative Preferred Stock, Series B (Symbol: GS.PRB) will trade ex-dividend, for its quarterly dividend of $0.3875, payable on 8/11/14. As a percentage of GS.PRB's recent share price of $25.11, this dividend works out to approximately 1.54%, so look for shares of GS.PRB to trade 1.54% lower - all else being equal - when GS.PRB shares open for trading on 7/23/14. On an annualized basis, the current yield is approximately 6.19%, which compares to an average yield of 5.63% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of GS.PRB shares, versus GS:

Performance Comparison Chart


Below is a dividend history chart for GS.PRB, showing historical dividends prior to the most recent $0.3875 on Goldman Sachs Group Incorporated's 6.20% Non-Cumulative Preferred Stock, Series B :

GS.PRB+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Goldman Sachs Group Incorporated (Symbol: GS) makes up 9.51% of the iShares U.S. Broker-Dealers ETF ( IAI ) which is trading lower by about 0.3% on the day Monday.

In Monday trading, Goldman Sachs Group Incorporated's 6.20% Non-Cumulative Preferred Stock, Series B (Symbol: GS.PRB) is currently up about 0.2% on the day, while the common shares (Symbol: GS) are down about 0.1%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas

Referenced Stocks: IAI , GS.PRB , GS

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