Goldman Sachs Declares Preferred Stock Dividends

By Eric Volkman – Oct 12, 2013 at 8:30AM

NYSE: GS

Goldman Sachs Group

Market Cap

$138B

Today's Change

(1.59%) $6.65

Current Price

$424.00

Price as of April 23, 2024, 4:00 p.m. ET

Eight flavors of preferreds will receive payouts over the next two months.

Goldman Sachs (GS 1.59%) is preferring to keep holders of its preferred stock happy, declaring dividends for several classes of those securities. The company will distribute $239.58 per share of its class A preferreds, $387.50 per share of its series B, $255.56 per share for both series C and D, $371.88 to series I holders, and $343.75 for series J. All will be handed out on Nov. 12 to holders of record as of Oct. 28.

Meanwhile, possessors of the financial-services giant's series E and F preferreds are each to receive a cash distribution of $1,000 per share. These are to be paid on Dec. 2 to holders of record as of Nov. 17.

Goldman also pays a common stock dividend. Its most recent such payout was effected at the end of last month and totaled $0.50 per share. This annualizes to $2.00 per share, yielding 1.3% at the firm's most recent closing stock price of $160.00.

Fool contributor Eric Volkman has no position in Goldman Sachs. The Motley Fool recommends Goldman Sachs. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.