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..

The Dow Jones Industrial Average ( ^DJI) is trading up 99 points (+0.5%) at 18,140 as of Wednesday, May 27, 2015, 10:36 a.m. ET. During this time, 59.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 360.1 million. The NYSE advances/declines ratio sits at 1,718 issues advancing vs. 1,135 declining with 218 unchanged.
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Thursday, May 28, 2015 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 65 cents per share. At a price of $207.93 as of 10:36 a.m. ET, the dividend yield is 1.3% compared to the average Dow component yield of 2.7%.

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 $89.77 billion and is part of the financial sector and financial services industry. Shares are up 6.5% year-to-date as of Tuesday's close.

The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment management company worldwide. The company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The company has a P/E ratio of 10.9, 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, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. 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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