The Goldman Sachs Group, Inc. (GS) To Go Ex-Dividend on March 2nd

The Goldman Sachs Group, Inc. (NYSE:GS) announced a quarterly dividend on Thursday, January 15th. Investors of record on Monday, March 2nd will be given a dividend of 4.50 per share by the investment management company on Monday, March 30th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, March 2nd. This is a 12.5% increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00.

The Goldman Sachs Group has increased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 13 years. The Goldman Sachs Group has a payout ratio of 35.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect The Goldman Sachs Group to earn $52.07 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 34.6%.

The Goldman Sachs Group Trading Down 7.7%

Shares of GS opened at $857.90 on Friday. The Goldman Sachs Group has a 1 year low of $439.38 and a 1 year high of $984.70. The company has a 50 day simple moving average of $924.23 and a two-hundred day simple moving average of $836.28. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.13 and a quick ratio of 0.65. The firm has a market cap of $254.58 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 1.14 and a beta of 1.34.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The firm had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The Goldman Sachs Group’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $11.95 earnings per share. On average, equities analysts expect that The Goldman Sachs Group will post 47.12 earnings per share for the current fiscal year.

About The Goldman Sachs Group

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.