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 69 points (+0.4%) at 17,145 as of Tuesday, Aug 26, 2014, 10:36 a.m. ET. During this time, 43.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 299.6 million. The NYSE advances/declines ratio sits at 1,924 issues advancing vs. 916 declining with 241 unchanged.
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Wednesday, August 27, 2014 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 $178.49 as of 10:36 a.m. ET, the dividend yield is 1.3% compared to the average Dow component yield of 2.6%.

The average volume for Goldman Sachs Group has been 2.4 million shares per day over the past 30 days. Goldman Sachs Group has a market cap of $77.31 billion and is part of the financial sector and financial services industry. Shares are up 0.3% year-to-date as of Monday's close.

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. The company has a P/E ratio of 11.2, equal to the average financial services industry P/E ratio.
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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 revenue growth, attractive valuation levels, growth in earnings per share, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

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