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Goldman Sachs Group's Preferred Stock, Series B Shares Cross 6% Yield Mark

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In trading on Tuesday, shares of Goldman Sachs Group Inc (the)'s 6.20% Non-Cumulative Preferred Stock, Series B (Symbol: GS.PRB) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.55), with shares changing hands as low as $25.82 on the day. This compares to an average yield of 5.64% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, GS.PRB was trading at a 3.88% premium to its liquidation preference amount, versus the average premium of 4.63% 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.

Performance Comparison Chart

Below is a dividend history chart for GS.PRB, showing historical dividend payments on Goldman Sachs Group Inc (the)'s 6.20% Non-Cumulative Preferred Stock, Series B :

GS.PRB+Dividend+History+Chart

In Tuesday trading, Goldman Sachs Group Inc (the)'s 6.20% Non-Cumulative Preferred Stock, Series B (Symbol: GS.PRB) is currently down about 0.6% on the day, while the common shares (Symbol: GS) are up about 1.5%.

Click here to find out the 50 highest yielding preferreds »

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.

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