 |
 |
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Goldman Sachs Group's Preferred Stock, Series J Shares Cross 5.5% Yield MarkBy Preferred Stock Channel Staff, Wednesday, August 3, 2:18 PM ET
In trading on Wednesday, shares of Goldman Sachs Group Inc's 5.50% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series J (GS.PRJ) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.375), with shares changing hands as low as $24.97 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.PRJ was trading at a 0.24% premium to its liquidation preference amount, versus the average discount of 3.19% 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.PRJ shares, versus GS:
Below is a dividend history chart for GS.PRJ, showing historical dividend payments on Goldman Sachs Group Inc's 5.50% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series J:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Wednesday trading, Goldman Sachs Group Inc's 5.50% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series J (GS.PRJ) is currently off about 0.1% on the day, while the common shares (NYSE:GS) are trading flat.
This Article's Word Cloud:
Arial
Below
Channel
Cumulative
Days
Dollars
Financial
Fixed
Floating
Goldman
Group
Investors
Join
Juicy
More
NYSE
Offer
Preferred
Rate
Sachs
Series
Seven
Special
Start
Stock
Stocks
This
ValueForum
Wednesday
Where
Yields
about
above
according
afterLeftLabels
amount
average
category
chart
common
dividend
escape
fillColor
missed
preferred
shares
that
trading
versus
with
|
Play Video:
The Importance of Dividends
Free Email Alerts By Stock:
Start slideshow: