In trading on Friday, shares of Goldman Sachs Group Incorporated's Floating Rate Non-Cumulative Preferred Stock, Series A (NYSE:GS.PRA) were yielding above the 5% mark based on its quarterly dividend (annualized to $0.9896), with shares changing hands as low as $19.68 on the day. This compares to an average yield of 5.71% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, GS.PRA was trading at a 19.60% discount to its liquidation preference amount, versus the average premium of 0.75% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.
The chart below shows the one year performance of GS.PRA shares, versus GS:
Below is a dividend history chart for GS.PRA, showing historical dividend payments on Goldman Sachs Group Incorporated's Floating Rate Non-Cumulative Preferred Stock, Series A :
In Friday trading, Goldman Sachs Group Incorporated's Floating Rate Non-Cumulative Preferred Stock, Series A (NYSE:GS.PRA) is currently off about 0.1% on the day, while the common shares (NYSE:GS) are up about 0.1%.
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