Investing in Goldman Sachs Preferred Stock

Investing in Goldman Sachs Preferred Stock can be a great way to earn a regular income stream, as Goldman Sachs Preferred Stock offers a fixed dividend rate that is typically higher than that of common stock.

Goldman Sachs Preferred Stock has a par value, which is the minimum value of the stock, and it's usually $25 or $1,000.

The dividend rate for Goldman Sachs Preferred Stock can be floating or fixed, but the fixed rate is usually higher, around 5-6% per annum.

Investors should consider their individual financial goals and risk tolerance before investing in Goldman Sachs Preferred Stock, as it typically has a lower risk profile compared to common stock.

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Goldman Sachs is a well-known investment bank that offers a variety of preferred stock options.

In July 2024, Goldman Sachs declared dividends on several series of its non-cumulative preferred stock. The dividends ranged from $413.68 to $937.50 per share, depending on the specific series.

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Some of the series that received dividends include Floating Rate Non-Cumulative Preferred Stock, Series A, Series C, and Series D, with dividends of $413.68, $413.68, and $408.45 per share, respectively.

Additionally, Goldman Sachs declared dividends on fixed-rate reset preferred stocks, including Series Q, Series R, Series S, Series U, and Series W, with dividends of $687.50, $618.75, $550.00, $456.25, and $937.50 per share, respectively.

The dividend payment dates for these series were August 10, 2024, with the actual payment occurring on August 12, 2024, for preferred shareholders of record on July 28, 2024.

In October 2024, Goldman Sachs declared dividends on another series of its non-cumulative preferred stock, including Floating Rate Non-Cumulative Preferred Stock, Series A, Series C, and Series D, with dividends of $390.64, $390.64, and $385.53 per share, respectively.

The dividend payment dates for these series were November 10, 2024, with the actual payment occurring on November 12, 2024, for preferred shareholders of record on October 28, 2024.

Here are the dividend payment dates for the preferred stock series declared by Goldman Sachs in July and October 2024:

Goldman Sachs also declared dividends on perpetual non-cumulative preferred stock, Series E and Series F, with dividends of $1,629.22 and $1,629.85 per share, respectively.

The dividend payment dates for these series were September 1, 2024, and December 1, 2024, with the actual payment occurring on September 3, 2024, and December 2, 2024, respectively, for preferred shareholders of record on August 19, 2024, and November 17, 2024, respectively.

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Goldman Sachs Preferred Stock Dividends are declared on a regular basis, providing preferred shareholders with a steady income stream. The dividend amounts vary depending on the series of preferred stock.

The dividend declarations are typically made by Goldman Sachs in press releases, announcing the dividend amounts and payment dates for each series of preferred stock. For example, in July 2024, Goldman Sachs declared a dividend of $413.68 per share of Floating Rate Non-Cumulative Preferred Stock, Series A.

The payment dates for the dividends are usually a few days after the record date, allowing shareholders to receive their dividend payments. For instance, the dividend on the Series A Preferred Stock was payable on August 10, 2024, but occurred on August 12, 2024 to preferred shareholders of record on July 28, 2024.

Here is a list of the dividend declarations made by Goldman Sachs in July and October 2024: