Goldman Sachs Group (GS) will raise its quarterly dividend by 6.7 percent to $0.80 per share in May 2018. Last year the dividend was hiked from $0.65 to $0.75 per share by the investment bank.
The increased dividend will be paid June 28, 2018 to shareholders of record on May 31, 2018. The new dividend yield for GS is 1.3%.
The Goldman Sachs Group, Inc. is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. GS operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.