Does Goldman Sachs Stock Pay a Dividend? Guide

Does Goldman Sachs Stock Pay a Dividend? Guide

Overview

Does Goldman Sachs stock pay a dividend? Yes. Goldman Sachs typically pays dividends in cash on a quarterly schedule to holders of common stock. Dividend policy and timing are determined by the company's Board of Directors and are influenced by earnings, capital requirements, regulatory constraints, and broader strategic priorities such as reinvestment or share repurchases.

Key points in brief:

• Form: cash dividend per share on GS common stock.
• Frequency: normally quarterly (subject to Board declarations).
• Decision maker: Goldman Sachs Board of Directors, guided by regulators and capital plans.
• What influences payments: profitability, regulatory capital rules, stress‑test outcomes, buyback plans, and one‑time corporate events.

This guide will help investors and new readers understand the mechanics and implications of GS dividends and where to find authoritative, up‑to‑date information.

Current dividend (example snapshot)

As of 22 January 2026, according to leading dividend trackers and company filings (sources such as Koyfin, DividendMax, StockAnalysis, Market Chameleon, DividendInvestor and Benzinga), the most recently announced GS cash dividend and related figures are provided below as an example snapshot. These figures are time‑sensitive and should be verified with Goldman Sachs Investor Relations and the company's SEC filings before making any decisions.

• Most recent quarterly dividend (example snapshot): $2.00 per common share.
• Implied annualized dividend (example): $8.00 per share (four quarters).
• Approximate yield (example): ~2.5% at a share price near $320 (yield = annualized dividend ÷ current price).
• Most recent ex‑dividend and pay dates (example): ex‑dividend in January 2026; pay date in late January 2026. Exact dates are subject to the Board's declaration and official press release.

Note: the numbers above are an illustrative snapshot compiled from dividend data providers and represent the type of information you will find on trackers and on the company's press releases. Always confirm the current per‑share amounts, yield and dates at Goldman Sachs Investor Relations and the latest SEC filings.

Dividend history

Goldman Sachs has a multi‑decade history as an investment bank and financial services company. Its dividend record has varied over time in response to economic cycles, regulatory changes and corporate capital plans.

• Long‑term pattern: GS has paid dividends for many years, usually on a quarterly basis. Dividend levels have been raised in periods of consistent profitability and stable capital ratios.
• Recoveries and reductions: Like many large banks, Goldman Sachs reduced or suspended dividends during severe downturns or when regulatory stress testing or capital needs required conserving capital. When conditions improved, dividends were restored and sometimes increased.
• Growth: Over recent cycles, the Board has shown a tendency to gradually increase per‑share payouts when capital targets and earnings allowed.

For an itemized list of past payments, ex/record/pay dates and historical per‑share amounts, consult the dividend history tables maintained by data providers (Koyfin, DividendMax, StockAnalysis, Market Chameleon, DividendInvestor and Benzinga) and Goldman Sachs’ investor relations press releases and archived Form 8‑K statements.

Notable historical changes

• Dividend cuts or suspensions typically occurred during major crises or when regulators required banks to preserve capital (for example, during the global financial crisis and at other acute stress points). These actions were taken to strengthen capital buffers.
• Dividend increases usually followed improvements in earnings, capital ratios, and regulatory approvals. On some occasions the Board has balanced dividend increases with share repurchase authorizations.
• Special capital actions: Goldman Sachs has sometimes prioritized buybacks or strategic capital actions over dividends in certain periods; conversely, returning capital to shareholders through higher dividends has been a feature when conditions permitted.

Dividend policy and governance

The Board of Directors of Goldman Sachs determines dividend decisions. The Board considers multiple inputs before declaring or changing a dividend:

• Earnings and profitability: sustainable earnings are a core consideration.
• Capital adequacy: regulatory capital ratios (such as CET1) and supervisory expectations influence payout capacity.
• Stress test results: banks undergo regulatory stress tests that help determine how much capital can be returned to shareholders.
• Liquidity and cash needs: near‑term liquidity requirements and balance sheet priorities.
• Strategic priorities: investments, acquisitions, and buybacks may compete with dividends for capital allocation.

Goldman Sachs typically issues a quarterly dividend declaration via an investor relations press release and files appropriate disclosures with the SEC. The Board can change the dividend at any time and may suspend or reduce payments if circumstances require.

Payment mechanics and important dates

Understanding dividend mechanics helps shareholders know who receives payments and when.

• Declaration date: the date the Board announces the dividend amount and key dates (ex‑dividend, record and pay dates).
• Ex‑dividend date: the first day on which buying the stock no longer qualifies the buyer for the declared dividend. To receive the dividend, you must own the shares before the ex‑dividend date. For U.S. equities, if you buy on or after the ex‑dividend date, you will not receive the upcoming dividend.
• Record date: the date the company uses to identify shareholders eligible for the dividend (linked to brokerage settlement cycles).
• Pay date: the date the dividend payment is distributed to eligible shareholders.

Example mechanics in practice: when Goldman Sachs declares a quarterly dividend, the press release will list the declaration date, the dollar amount per share, the ex‑dividend date (usually a few business days before the record date), the record date, and the pay date (often a few weeks after declaration).

How to qualify: to qualify for a dividend you must be a shareholder of record as of the record date — practically that means owning the shares before the ex‑dividend date, factoring in standard settlement timing.

Dividend metrics and investor measures

Investors often use several metrics to evaluate dividends. Below are common measures and how to interpret them for GS.

• Dividend yield: annual dividend per share divided by the current share price. Yield changes with stock price movements and dividend decisions. Example snapshot yield can be calculated as annualized dividend ÷ current price.
• Payout ratio: dividends divided by net income (or earnings per share). For banks, analysts often consider payout relative to adjusted earnings and regulatory capital metrics rather than simple GAAP payouts.
• Shareholder yield: a broader metric combining dividends, net share repurchases and net debt reduction (dividends + buybacks − net debt increase) divided by market cap. For firms that return capital via buybacks rather than dividends, shareholder yield can capture the total cash returned.
• Coverage: whether the dividend is covered by core earnings (e.g., return on tangible common equity), indicating sustainability.

Typical ranges for GS (illustrative): banks like Goldman Sachs may target payout ratios that preserve capital flexibility; payout ratios can vary meaningfully between 20% and 60% depending on earnings and strategic choices. Shareholder yield depends heavily on whether the company is actively buying back shares.

Recent announcements and trends (recent years)

As of 22 January 2026, data providers and recent press releases show Goldman Sachs continued to return capital via quarterly dividends and share repurchases, subject to Board approvals and regulatory guidance. In recent years the Board has balanced dividend increases with buyback programs while monitoring regulatory capital requirements.

Notable pattern:

• The Board has generally restored and increased dividends after stress periods when capital ratios recovered.
• Share repurchases have been an important companion to dividends in returning capital.
• Declarations are announced in press releases and SEC Form 8‑K filings; these are the authoritative sources for exact amounts and dates.

For precise, date‑stamped announcements consult the company’s Investor Relations press releases and the SEC filing related to each dividend declaration.

Tax considerations

Cash dividends paid by U.S. corporations like Goldman Sachs are taxable to shareholders, but the tax treatment depends on the shareholder’s status and the nature of the dividend.

• Qualified vs. ordinary dividends: many corporate dividends may be treated as qualified dividends for U.S. federal income tax purposes if holding period and other IRS requirements are met; qualified dividends are taxed at capital gains rates for eligible taxpayers. Dividends that do not meet the criteria are taxed at ordinary income rates.
• Holding period: to claim qualified dividend treatment, shareholders usually must hold the stock for a minimum period around the ex‑dividend date (e.g., more than 60 days during a 121‑day period that begins 60 days before the ex‑dividend date), subject to tax law details.
• Non‑U.S. investors: withholding taxes or different rules may apply based on residency and tax treaties.

Tax rules change and individual circumstances vary. Investors should consult a qualified tax advisor regarding personal tax treatment.

Factors that could affect future dividends

Several variables can change Goldman Sachs’ future dividend behavior:

• Corporate earnings and profitability: sustained earnings are foundational for dividends.
• Regulatory capital requirements: bank regulators set capital and stress‑test expectations that influence payout capacity.
• Macroeconomic conditions: recessions or market stress can prompt conservative capital retention.
• Strategic uses of capital: acquisitions, investments, and buybacks can shift priorities.
• One‑off events: litigation, fines, or large unexpected losses can force dividend reassessment.

Because these factors can change quickly, dividend plans are subject to the Board’s periodic review.

How to find up‑to‑date dividend information

To verify the latest GS dividend data, use primary and reliable sources. Recommended verification path:

1. Goldman Sachs Investor Relations: company press releases and dividend announcements provide authoritative amounts, dates and supporting commentary.
2. SEC filings: Form 8‑K and quarterly/annual reports contain formal disclosures about dividends and capital plans.
3. Exchange notices: NYSE announcements and official exchange data provide trading and corporate event details.
4. Dividend data providers: platforms such as Koyfin, DividendMax, StockAnalysis, Market Chameleon, DividendInvestor and Benzinga maintain dividend histories and tracker tables; these are useful for quick reference but should be cross‑checked with company IR.

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Related securities and possible confusion

Be careful not to confuse GS common stock (ticker GS) with other Goldman Sachs–branded securities. One example is Goldman Sachs BDC (ticker GSBD), which is a separate publicly traded business development company with its own dividend policy and risk profile. Always confirm the ticker symbol and corporate identity when checking dividend data or executing trades.

Investor considerations and FAQs

Q: Does Goldman Sachs stock pay dividends? A: Yes. Does Goldman Sachs stock pay a dividend? Historically, GS pays quarterly cash dividends on its common stock when declared by the Board.

Q: How often does GS pay dividends? A: Typically quarterly, subject to Board declarations.

Q: How do I qualify for a GS dividend? A: Own GS common shares before the ex‑dividend date (and be a shareholder of record on the record date) to be eligible for the declared dividend payment.

Q: Where can I confirm the next ex‑dividend date? A: Check Goldman Sachs Investor Relations press releases and SEC filings, and cross‑reference reliable dividend trackers such as Koyfin, DividendMax, StockAnalysis, Market Chameleon, DividendInvestor and Benzinga.

Q: Is GS the same as GSBD? A: No. GS (The Goldman Sachs Group, Inc.) is a bank holding company and investment bank trading under ticker GS. GSBD is a separate publicly traded BDC (business development company) with distinct operations and dividend policy.

References and further reading

As of 22 January 2026, the primary sources used for dividend history, dates and snapshot figures are the following data providers and published analyses. For authoritative, legal notices and exact dates, always rely on Goldman Sachs’ official Investor Relations materials and SEC filings.

• Koyfin (dividend history and upcoming dates) — source used for per‑share and date listings.
• DividendMax (corporate dividend records and history) — used for historical payment tables.
• StockAnalysis (dividends, yield and history) — used for yield and trend context.
• Market Chameleon (dividend information for GS) — used for ex/record/pay calendars.
• DividendInvestor (historical dividend tables for GS) — used for detailed past payments.
• Benzinga (news coverage and dividend summaries) — used for recent announcements and context.
• Simply Wall St (analysis article indicating dividend expectations and potential increases) — used to reference analyst commentary and forward‑looking statements about dividend policy.

Always verify the date and source of any dividend data; dividend amounts and ex‑dividend dates change with Board actions and stock price movements.

Practical next steps for readers

• Verify the current dividend amount and next ex‑dividend date on Goldman Sachs Investor Relations and the company’s recent SEC filings.
• If you hold or plan to buy GS shares, check settlement timing and brokerage procedures to ensure you qualify for a given dividend.
• Review tax implications for your jurisdiction with a tax professional.
• For custody or wallet needs related to crypto proceeds or tokenized assets, consider Bitget Wallet for secure management within Bitget’s ecosystem and consult Bitget’s educational resources for further guidance.

Further exploration: track dividend history on data providers listed above and subscribe to Goldman Sachs Investor Relations alerts to receive real‑time declarations and filings.

Editorial note: Data points and example snapshot figures in this article are time‑sensitive. Figures and dates were compiled using public dividend trackers and company filings and are illustrative as of 22 January 2026. Verify all figures with Goldman Sachs’ official press releases and SEC filings before relying on them.

Notes for editors

• Update dividend amounts, yields and ex‑dividend dates whenever the Board issues a new declaration.
• Ensure GS common stock (ticker GS) remains distinct from other Goldman Sachs entities (e.g., GSBD) and link to the company IR and most recent Form 8‑K when available.