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Goldman Sachs Group's Preferred Stock, Series C Shares Cross 5% Yield Mark

By Preferred Stock Channel Staff, Thursday, August 18, 2:11 PM ET

In trading on Thursday, shares of Goldman Sachs Group Inc's Floating Rate Non-Cumulative Preferred Stock, Series C (NYSE:GS.PRC) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.0222), with shares changing hands as low as $20.41 on the day. This compares to an average yield of 5.68% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, GS.PRC was trading at a 17.24% discount to its liquidation preference amount, versus the average discount of 4.94% 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.PRC shares, versus GS:

Performance Comparison Chart

Below is a dividend history chart for GS.PRC, showing historical dividend payments on Goldman Sachs Group Inc's Floating Rate Non-Cumulative Preferred Stock, Series C :


Free Report: Top 7%+ Dividends (paid monthly)

In Thursday trading, Goldman Sachs Group Inc's Floating Rate Non-Cumulative Preferred Stock, Series C (NYSE:GS.PRC) is currently off about 1.4% on the day, while the common shares (NYSE:GS) are off about 0.3%.


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