Goldman Sachs Group (GS) will raise its quarterly dividend by 60 percent to $2.00 per share in 2021. This follows a dividend hike of 47.1 percent to 1.15 per share in the third quarter of 2019.
The next dividend will be paid on September 29, 2021 to common shareholders of record on September 1, 2021. A new dividend of $8.00 annualized yields 2.3% at a stock price of $365.
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. began trading on the New York Stock Exchange on May 4, 1999.