Goldman Sachs Group's Preferred Stock, Series B Shares Cross 6% Yield Mark
In trading on Wednesday, 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 $25.35 on the day. This compares to an average yield of 5.42% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, GS.PRB was trading at a 8.48% premium to its liquidation preference amount, versus the average premium 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.
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 :
In Wednesday trading, Goldman Sachs Group Inc (the's 6.20% Non-Cumulative Preferred Stock, Series B (Symbol: GS.PRB) is currently down about 6.2% on the day, while the common shares (Symbol: GS) are off about 2.3%.
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