Goldman Sachs Declares Preferred Stock Dividends

Goldman Sachs is preferring to keep holders of its preferred stock happy, declaring dividends for several classes of those securities. The company will distribute $239.58 per share of its class A preferreds, $387.50 per share of its series B, $255.56 per share for both series C and D, $371.88 to series I holders, and $343.75 for series J. All will be handed out on Nov. 12 to holders of record as of Oct. 28.

Meanwhile, possessors of the financial-services giant's series E and F preferreds are each to receive a cash distribution of $1,000 per share. These are to be paid on Dec. 2 to holders of record as of Nov. 17.

Goldman also pays a common stock dividend. Its most recent such payout was effected at the end of last month and totaled $0.50 per share. This annualizes to $2.00 per share, yielding 1.3% at the firm's most recent closing stock price of $160.00.

The article Goldman Sachs Declares Preferred Stock Dividends originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Goldman Sachs. The Motley Fool recommends Goldman Sachs. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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