Goldman Sachs Group's Preferred Stock, Series A Shares Cross 5% Yield Mark

In trading on Friday, shares of Goldman Sachs Group Incorporated's Floating Rate Non-Cumulative Preferred Stock, Series A (GS.PRA) were yielding above the 5% mark based on its quarterly dividend (annualized to $0.9375), with shares changing hands as low as $18.75 on the day. This compares to an average yield of 5.79% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, GS.PRA was trading at a 24.60% discount to its liquidation preference amount, versus the average discount of 2.17% 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.

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The chart below shows the one year performance of GS.PRA shares, versus GS:

Performance Comparison Chart

Below is a dividend history chart for GS.PRA, showing historical dividend payments on Goldman Sachs Group Incorporated's Floating Rate Non-Cumulative Preferred Stock, Series A :

GS.PRA+Dividend+History+Chart

In Friday trading, Goldman Sachs Group Incorporated's Floating Rate Non-Cumulative Preferred Stock, Series A ( GS.PRA) is currently up about 0.5% on the day, while the common shares ( GS) are off about 1.2%.

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