The Goldman Sachs Group, Inc. (NYSE:GS) Plans Quarterly Dividend of $4.50

The Goldman Sachs Group, Inc. (NYSE:GS) announced a quarterly dividend on Thursday, January 15th. Shareholders of record on Monday, March 2nd will be given a dividend of 4.50 per share by the investment management company on Monday, March 30th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, March 2nd. This is a 12.5% increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00.

The Goldman Sachs Group has increased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 13 consecutive years. The Goldman Sachs Group has a payout ratio of 31.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect The Goldman Sachs Group to earn $52.07 per share next year, which means the company should continue to be able to cover its $16.00 annual dividend with an expected future payout ratio of 30.7%.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $975.01 on Friday. The Goldman Sachs Group has a twelve month low of $439.38 and a twelve month high of $981.26. The stock has a market cap of $292.43 billion, a PE ratio of 19.81, a P/E/G ratio of 0.99 and a beta of 1.33. The stock has a fifty day simple moving average of $865.06 and a 200-day simple moving average of $790.69. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.53.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Thursday, January 15th. The investment management company reported $14.01 EPS for the quarter, topping the consensus estimate of $11.52 by $2.49. The firm had revenue of $13.45 billion for the quarter, compared to analyst estimates of $14.30 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $11.95 EPS. Equities analysts anticipate that The Goldman Sachs Group will post 47.12 earnings per share for the current year.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.