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Goldman Sachs’ Floating Rate Non-Cumulative Preferred Stock, NYSE:GS.PRA, witnessed a yield of over 7.5% on Monday, exceeding the 7.32% average yield of the Financial preferred stock category. This comes in line with a rise in both GS.PRA and common shares (NYSE:GS), which saw increases of 0.2% and 1.9% respectively.
The preferred shares, trading as low as $20.71, were at a 16.60% discount to their liquidation preference amount. This is slightly less than the category’s average discount of 17.61%. The non-cumulative nature of these shares implies that the company has no obligation to compensate for missed payments before it resumes common dividends.
The performance of Goldman Sachs’ preferred stock over the past year, along with its dividend history, provides a comprehensive perspective on recent market activities. It’s important to note that these developments are part of a broader financial landscape, with various factors influencing market trends and individual stock performance.
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