Goldman Sachs Group (GS) will raise its quarterly dividend by 25 percent to $2.50 per share in 2022. This comes after a dividend hike of  60 percent to $2.00 per share in 2021 and marks 11 consecutive years of dividend growth by GS.

The next dividend will be paid on September 29, 2022 to common shareholders of record on September 1, 2022. A new dividend of $10.00 annualized yields 3.1% at a stock price of $318.

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.