On 1/22/14, Goldman Sachs Group Incorporated's Floating Rate Non-Cumulative Preferred Stock, Series C (GS.PRC) will trade ex-dividend, for its quarterly dividend of $0.25, payable on 2/10/14. As a percentage of GS.PRC's recent share price of $19.90, this dividend works out to approximately 1.26%, so look for shares of GS.PRC to trade 1.26% lower — all else being equal — when GS.PRC shares open for trading on 1/22/14. On an annualized basis, the current yield is approximately 5.02%, which compares to an average yield of 5.80% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From Goldman Sachs Group Floating Rate Non-Cumulative Preferred Stock, Series C
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