The Goldman Sachs Group, Inc. (GS) to Distribute Quarterly Dividend of $5.00 on September 29th

The Goldman Sachs Group, Inc. (NYSE:GS) announced a quarterly dividend on Monday, July 13th. Shareholders of record on Tuesday, September 1st will be given a dividend of 5.00 per share by the investment management company on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, September 1st. This is a 11.1% increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50.

The Goldman Sachs Group has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 13 consecutive years. The Goldman Sachs Group has a dividend payout ratio of 35.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect The Goldman Sachs Group to earn $67.34 per share next year, which means the company should continue to be able to cover its $18.00 annual dividend with an expected future payout ratio of 26.7%.

The Goldman Sachs Group Stock Performance

GS opened at $1,142.58 on Wednesday. The company has a market cap of $337.07 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 1.34 and a beta of 1.30. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89. The firm’s 50-day moving average price is $1,024.94 and its 200-day moving average price is $941.58. The Goldman Sachs Group has a 52-week low of $691.30 and a 52-week high of $1,143.84.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, topping the consensus estimate of $14.47 by $6.51. The company had revenue of $20.34 billion for the quarter, compared to the consensus estimate of $16.22 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The Goldman Sachs Group’s revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $10.91 EPS. As a group, equities analysts anticipate that The Goldman Sachs Group will post 60.44 EPS for the current fiscal year.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.