Goldman Sachs Group (GS) will raise its quarterly dividend by 6.2 percent to $0.85 per share in 2019. This follows a 6.7 percent dividend hike by Goldman last year.
The increased dividend will be paid June 27, 2019 to shareholders of record on May 30, 2019. The new dividend of $3.40 annualized yields 1.7% at a stock price of $207.
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. The Goldman Sachs Group, Inc. has paid a dividend every year since 1999.