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

By
A A A

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

BNK Invest

BNK Invest

More from BNK Invest:

Related Videos

Stocks

Referenced

Most Active by Volume

105,858,039
  • $10.50 ▲ 3.04%
105,433,684
  • $29.22 ▲ 4.62%
72,716,790
  • $16.36 ▼ 0.49%
51,381,067
  • $113.29 ▲ 0.33%
47,443,661
  • $2.39 ▲ 4.82%
45,387,229
  • $5.78 ▲ 0.87%
45,001,566
  • $105.62 ▼ 0.02%
42,379,286
  • $28.42 ▲ 2.53%
As of 8/28/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com