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| Goldman Sachs Group's Preferred Stock, Series D Shares Cross 5% Yield MarkBy Preferred Stock Channel Staff, Monday, May 2, 2:27 PM ET
In trading on Monday, shares of Goldman Sachs Group Inc's Floating Rate Non-Cumulative Preferred Stock, Series D (NYSE:GS.PRD) were yielding above the 5% mark based on its quarterly dividend (annualized to $0.9889), with shares changing hands as low as $19.34 on the day. This compares to an average yield of 5.75% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, GS.PRD was trading at a 19.56% discount to its liquidation preference amount, versus the average discount of 6.59% 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 Inc's Floating Rate Non-Cumulative Preferred Stock, Series D :
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Monday trading, Goldman Sachs Group Inc's Floating Rate Non-Cumulative Preferred Stock, Series D (NYSE:GS.PRD) is currently off about 3.8% on the day, while the common shares (NYSE:GS) are trading flat.
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