In trading on Thursday, shares of Goldman Sachs Group Inc’s Floating Rate Non-Cumulative Preferred Stock, Series A (Symbol: GS.PRA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.5432), with shares changing hands as low as $23.56 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.PRA was trading at a 4.84% discount to its liquidation preference amount, versus the average discount of 10.04% 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.PRA shares, versus GS:
Below is a dividend history chart for GS.PRA, showing historical dividend payments on Goldman Sachs Group Inc’s Floating Rate Non-Cumulative Preferred Stock, Series A :
Free Report: Top 8%+ Dividends (paid monthly)
In Thursday trading, Goldman Sachs Group Inc’s Floating Rate Non-Cumulative Preferred Stock, Series A (Symbol: GS.PRA) is currently down about 0.6% on the day, while the common shares (Symbol: GS) are down about 0.4%.
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