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Goldman Sachs Group's Preferred Stock, Series J Yield Pushes Past 5%

By Preferred Stock Channel Staff, Friday, April 16, 2:28 PM ET
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In trading on Friday, shares of Goldman Sachs Group Inc (the's 5.50% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series J (GS.PRJ) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.375), with shares changing hands as low as $27.49 on the day. This compares to an average yield of 5.30% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, GS.PRJ was trading at a 10.44% premium to its liquidation preference amount, versus the average premium of 6.58% 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.PRJ shares, versus GS:

Performance Comparison Chart

Below is a dividend history chart for GS.PRJ, showing historical dividend payments on Goldman Sachs Group Inc (the's 5.50% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series J:


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In Friday trading, Goldman Sachs Group Inc (the's 5.50% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series J (GS.PRJ) is currently down about 0.3% on the day, while the common shares (NYSE:GS) are up about 0.9%.


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