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


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In trading on Thursday, shares of Goldman Sachs Group Inc (the)’s Floating Rate Non-Cumulative Preferred Stock, Series A (Symbol: GS.PRA) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $0.9792), with shares changing hands as low as $21.73 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.PRA was trading at a 12.20% discount to its liquidation preference amount, versus the average premium of 4.08% 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.PRA shares, versus GS: Performance Comparison Chart

Below is a dividend history chart for GS.PRA, showing historical dividend payments on Goldman Sachs Group Inc (the)’s Floating Rate Non-Cumulative Preferred Stock, Series A : GS.PRA+Dividend+History+Chart In Thursday trading, Goldman Sachs Group Inc (the)’s Floating Rate Non-Cumulative Preferred Stock, Series A (Symbol: GS.PRA) is currently off about 0.5% on the day, while the common shares (Symbol: GS) are up about 0.8%.

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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