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Cash Dividend On The Way From Goldman Sachs Group Floating Rate Non-Cumulative Preferred Stock, Series DBy Preferred Stock Channel Staff, Monday, April 22, 1:44 PM ETOn 4/24/24, Goldman Sachs Group Inc's Floating Rate Non-Cumulative Preferred Stock, Series D (NYSE:GS.PRD) will trade ex-dividend, for its quarterly dividend of $0.3809, payable on 5/10/24. As a percentage of GS.PRD's recent share price of $22.32, this dividend works out to approximately 1.71%, so look for shares of GS.PRD to trade 1.71% lower — all else being equal — when GS.PRD shares open for trading on 4/24/24. On an annualized basis, the current yield is approximately 6.82%, which compares to an average yield of 6.83% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, GS.PRD was trading at a 10.68% discount to its liquidation preference amount. 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 dividends prior to the most recent $0.3809 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 trading flat on the day, while the common shares (NYSE:GS) are up about 2.4%.
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