GS
Cash machine, meet dividend machine
Goldman Sachs is doing that very Wall Street thing where it makes a boatload of money and then hands some of it back to shareholders. The bank declared a quarterly dividend of $4.50 per share, or $18 annually, with an ex-dividend and record date of June 1 and a pay date of June 29.
Why you should care
If you own GS, this is the kind of news that keeps the income train rolling. At the current setup, that works out to a yield of about 2.0% — not exactly “retire on a beach tomorrow” territory, but solid for a megabank that’s still flexing.
The rest of the picture is pretty shiny too
This wasn’t a dividend announcement floating in a vacuum. Goldman also said it beat quarterly expectations, with EPS of $17.55 versus $15.92 expected and revenue of $17.23 billion versus $16.66 billion expected. Translation: the bank didn’t just pay up for shareholders — it actually had the earnings power to back it up.
One small warning label
The article also flags recent insider selling, including CFO Denis Coleman and other executives trimming shares. That doesn’t automatically mean doom and gloom — insiders sell for a million boring reasons — but it’s the kind of detail investors keep one eye on while the other eye is on the dividend.
Big picture: Goldman’s message here is basically, “business is good, and yes, you can have a piece of the pie.”