Goldman Sachs Group's Preferred Stock, Series A Shares Cross 6.5% Yield Mark

Goldman Sachs Series A non-cumulative preferred (GS.PRA) was yielding above 6.5% based on a quarterly dividend annualized to $1.2462. Shares traded as low as $19.10 on Thursday. The move is a factual price/yield observation indicating elevated income on the preferred due to the sub-$25 trading level, which may attract income-focused buyers but is routine market pricing for bank preferreds.

Analysis

Goldman Sachs Series A non-cumulative preferred (GS.PRA) was yielding above 6.5% based on a quarterly dividend annualized to $1.2462. Shares traded as low as $19.10 on Thursday. The move is a factual price/yield observation indicating elevated income on the preferred due to the sub-$25 trading level, which may attract income-focused buyers but is routine market pricing for bank preferreds.