Goldman Sachs is a leading global investment banking and securities firm that has been around for over 150 years. As one of the world's most prestigious financial institutions, Goldman Sachs has a long and rich dividend history that has been a source of income and stability for investors. This article will provide a brief overview of Goldman Sachs' dividend history, including the company's dividend policy, dividend yield, and dividend history.
Goldman Sachs Dividend Policy
Goldman Sachs does not have a stated dividend policy. However, the company has indicated that it will pay out a portion of its net income as dividends. In the past, Goldman Sachs has paid out an average dividend yield of around 1.2%. This is well below the industry average dividend yield of 2.2%.
Goldman Sachs Dividend History
Goldman Sachs has paid regular dividends since its inception in 1869. The company has increased its dividend payments each year since 2003, with the most recent increase being in 2018. In 2020, Goldman Sachs paid out a dividend of $3.50 per share. This was an increase of 4.3% from 2019 and the highest dividend payment in the company's history.
Goldman Sachs Dividend Yield
Goldman Sachs' dividend yield has fluctuated over the years, but has generally been on the lower side. The current dividend yield for Goldman Sachs is 1.3%, which is slightly higher than the industry average. The dividend yield for Goldman Sachs has been trending upwards since 2018, and is expected to continue to rise in the future.
Conclusion
Goldman Sachs is a venerable financial institution with a long and rich dividend history. The company has paid regular dividends since its inception in 1869 and has increased its dividend payments each year since 2003. The current dividend yield for Goldman Sachs is 1.3%, which is slightly higher than the industry average. Investors should keep an eye on Goldman Sachs' dividend history in order to take advantage of potential dividend increases and to ensure that their investments are well diversified.