Goldman Sachs, once one of the fiercest trading houses on Wall Street, is becoming a stock for widows and orphans with its largest dividend boost on record
Goldman Sachs, once one of the fiercest trading houses on Wall Street, is becoming a stock for widows and orphans.
The bank announced it would pay a dividend of $1.25, up from 85 cents, marking its largest dividend boost on record. It was recently cleared to return $8.8 billion to shareholders over the next year, up from $6.3 billion. The bank has historically preferred to buy back its own shares or reinvest capital rather than return cash to shareholders.
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