On 4/23/14, Goldman Sachs Group Incorporated's 6.20% Non-Cumulative Preferred Stock, Series B (GS.PRB) will trade ex-dividend, for its quarterly dividend of $0.3875, payable on 5/12/14. As a percentage of GS.PRB's recent share price of $24.91, this dividend works out to approximately 1.56%, so look for shares of GS.PRB to trade 1.56% lower — all else being equal — when GS.PRB shares open for trading on 4/23/14. On an annualized basis, the current yield is approximately 6.22%, which compares to an average yield of 5.76% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Goldman Sachs Group Non-Cumulative Preferred Stock, Series B Ex-Dividend Reminder
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