In trading on Tuesday, shares of Goldman Sachs Group Incorporated's Floating Rate Non-Cumulative Preferred Stock, Series C (Symbol: GS.PRC) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $1.0222), with shares changing hands as low as $22.70 on the day. This compares to an average yield of 5.58% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, GS.PRC was trading at a 8.84% discount to its liquidation preference amount, versus the average premium of 5.15% 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.PRC shares, versus GS:
Below is a dividend history chart for GS.PRC, showing historical dividend payments on Goldman Sachs Group Incorporated's Floating Rate Non-Cumulative Preferred Stock, Series C :
In Tuesday trading, Goldman Sachs Group Incorporated's Floating Rate Non-Cumulative Preferred Stock, Series C (Symbol: GS.PRC) is currently off about 0.4% on the day, while the common shares (Symbol: GS) are up about 0.8%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Latest Markets Videos
- The $12 Trillion "Once-in-a-Lifetime" Market Opportunity Investors Won't Want to Miss
- J.P. Morgan Says These 3 Stocks Could Surge Over 100% From Current Levels
- Forget Tesla's Battery Day, These EV Stories Are More Important
- ChargePoint, Switchback Energy Acquisition Enter Business Combination Agreement