Goldman Sachs Group's Preferred Stock, Series I Yield Pushes Past 6.5%

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In trading on Wednesday, shares of Goldman Sachs Group Incorporated's 5.95% Non-Cumulative Preferred Stock, Series I (Symbol: GS.PRI) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.4875), with shares changing hands as low as $22.87 on the day. This compares to an average yield of 5.77% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, GS.PRI was trading at a 8.16% discount to its liquidation preference amount, versus the average discount of 3.41% in the "Financial" category. Investors should keep in mind that the shares are not cumulative , meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

The chart below shows the one year performance of GS.PRI shares, versus GS:

Performance Comparison Chart


Below is a dividend history chart for GS.PRI, showing historical dividend payments on Goldman Sachs Group Incorporated's 5.95% Non-Cumulative Preferred Stock, Series I:

GS.PRI+Dividend+History+Chart

In Wednesday trading, Goldman Sachs Group Incorporated's 5.95% Non-Cumulative Preferred Stock, Series I (Symbol: GS.PRI) is currently off about 0.3% on the day, while the common shares (Symbol: GS) are up about 1.8%.



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: GS.PRI , GS

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