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Goldman Sachs Group's Preferred Stock, Series C Shares Cross 4.5% Yield Mark

In trading on Monday, shares of Goldman Sachs Group Inc (the'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 $22.71 on the day. This compares to an average yield of 5.29% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, GS.PRC was trading at a 8.76% discount to its liquidation preference amount, versus the average premium of 6.08% 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:

Performance Comparison Chart

Below is a dividend history chart for GS.PRC, showing historical dividend payments on Goldman Sachs Group Inc (the's Floating Rate Non-Cumulative Preferred Stock, Series C :

GS.PRC+Dividend+History+Chart

In Monday trading, Goldman Sachs Group Inc (the's Floating Rate Non-Cumulative Preferred Stock, Series C (Symbol: GS.PRC) is currently up about 0.5% on the day, while the common shares (Symbol: GS) are off about 1.8%.

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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