Markets
GS

Goldman Sachs Group Non-Cumulative Preferred Stock, Series B Ex-Dividend Reminder

A generic image of money and a calculator
Credit: Shutterstock photo

On 4/22/15, 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 5/11/15. As a percentage of GS.PRB's recent share price of $25.73, this dividend works out to approximately 1.51%, so look for shares of GS.PRB to trade 1.51% lower - all else being equal - when GS.PRB shares open for trading on 4/22/15. On an annualized basis, the current yield is approximately 6.03%, which compares to an average yield of 5.72% 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 9.84% of the iShares U.S. Broker-Dealers ETF ( IAI ) which is trading relatively unchanged 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 trading flat on the day, while the common shares (Symbol: GS) are trading flat.

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 Nasdaq, Inc.


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

In This Story

GS IAI

Other Topics

Investing

Latest Markets Videos