Goldman Sachs(US:GS) ZACKS·2024-08-21 16:45Company Overview - Goldman Sachs (GS) is based in New York and operates in the Finance sector, with a year-to-date share price change of 28.92% [2] - The company currently pays a dividend of $2.75 per share, resulting in a dividend yield of 2.21%, which is significantly higher than the Financial - Investment Bank industry's yield of 0.82% and the S&P 500's yield of 1.58% [2] Dividend Analysis - Goldman Sachs has an annualized dividend of $11, reflecting a 4.8% increase from the previous year [2] - Over the last five years, the company has increased its dividend four times on a year-over-year basis, achieving an average annual increase of 24.42% [2] - The current payout ratio for Goldman Sachs is 35%, indicating that the company pays out 35% of its trailing 12-month earnings per share as dividends [2] Earnings Growth - The Zacks Consensus Estimate for Goldman Sachs' earnings per share for 2024 is $35.49, which represents a year-over-year earnings growth rate of 55.18% [3] Investment Considerations - Dividends are favored by investors as they enhance stock investing profits, reduce overall portfolio risk, and offer tax advantages [4] - While high-yielding stocks may face challenges during periods of rising interest rates, Goldman Sachs presents a compelling investment opportunity due to its strong dividend profile [4] - The stock currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [4]