Goldman Sachs Group's Preferred Stock, Series D Crosses Above 6.5% Yield Territory

In trading on Wednesday, shares of Goldman Sachs Group Inc’s Floating Rate Non-Cumulative Preferred Stock, Series D (Symbol: GS.PRD) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.5236), with shares changing hands as low as $23.40 on the day. This compares to an average yield of 6.73% in the “Financial” preferred stock category, according to Preferred Stock Channel. As of last close, GS.PRD was trading at a 5.64% discount to its liquidation preference amount, versus the average discount of 9.96% 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 :

Free Report: Top 8%+ Dividends (paid monthly)

In Wednesday trading, Goldman Sachs Group Inc’s Floating Rate Non-Cumulative Preferred Stock, Series D (Symbol: GS.PRD) is currently off about 0.2% on the day, while the common shares (Symbol: GS) are down about 1.4%.

Also see:

• Seven Options Myths Debunked
• Digital Realty Trust market cap history
• RIBT Split History

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.