The Goldman Sachs Group, Inc. (GS) To Go Ex-Dividend on December 2nd

The Goldman Sachs Group, Inc. (NYSE:GS) declared a quarterly dividend on Monday, October 12th. Investors of record on Wednesday, December 2nd will be given a dividend of $5.00 per share by the investment management company on Wednesday, December 30th. This represents a $20.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, December 2nd.

The Goldman Sachs Group has increased its dividend by an average of 0.2% annually over the last three years and has increased its dividend every year for the last 13 years. The Goldman Sachs Group has a dividend payout ratio of 39.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect The Goldman Sachs Group to earn $72.17 per share next year, which means the company should continue to be able to cover its $20.00 annual dividend with an expected future payout ratio of 27.7%.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $892.43 on Wednesday. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $259.85 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 0.98 and a beta of 1.29. The stock’s 50-day moving average is $984.44 and its two-hundred day moving average is $989.10. The Goldman Sachs Group has a 1-year low of $740.01 and a 1-year high of $1,153.99.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.86 by $4.15. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%. The business had revenue of $18.68 billion during the quarter, compared to analysts’ expectations of $16.83 billion. During the same quarter last year, the business posted $12.25 EPS. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. Analysts forecast that The Goldman Sachs Group will post 67.48 EPS for the current fiscal year.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.

Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.