In trading on Thursday, shares of Goldman Sachs Group Incorporated's Floating Rate Non-Cumulative Preferred Stock, Series D (Symbol: GS.PRD) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $1.0222), with shares changing hands as low as $22.65 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.PRD was trading at a 9.00% discount to its liquidation preference amount, versus the average premium of 5.14% 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.PRD shares, versus GS:
Below is a dividend history chart for GS.PRD, showing historical dividend payments on Goldman Sachs Group Incorporated's Floating Rate Non-Cumulative Preferred Stock, Series D :
In Thursday trading, Goldman Sachs Group Incorporated's Floating Rate Non-Cumulative Preferred Stock, Series D (Symbol: GS.PRD) is currently up about 0.5% on the day, while the common shares (Symbol: GS) are down about 0.7%.
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