Dow Component Goldman Sachs Group (GS) To Go Ex-dividend Tomorrow

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Dow Jones Industrial Average ( ^DJI) is trading up 15 points at 16,087 as of Tuesday, Nov 26, 2013, 10:35 a.m. ET. During this time, 61.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 378.7 million. The NYSE advances/declines ratio sits at 1,458 issues advancing vs. 1,374 declining with 143 unchanged.
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Wednesday, November 27, 2013 is the ex-dividend date for Dow component Goldman Sachs Group (NYSE: GS). Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $170.60 as of 10:35 a.m. ET, the dividend yield is 1.3% compared to the average Dow component yield of 2.5%.

The average volume for Goldman Sachs Group has been 3.3 million shares per day over the past 30 days. Goldman Sachs Group has a market cap of $76.19 billion and is part of the financial sector and financial services industry. Shares are up 31.8% year to date as of Monday's close.

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. The company has a P/E ratio of 10.2, above the average financial services industry P/E ratio of 10.
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TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, notable return on equity, expanding profit margins and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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