Will Goldman Sachs Raise Its Dividend in 2018?
Wall Street has been on fire in 2017, but the financial industry's success hasn't translated into big gains for Goldman Sachs (NYSE: GS) shareholders. The investment banking giant is one of the few stocks in the Dow Jones Industrials that has fallen year to date, and given that the stock's price is one of the highest in the Dow, Goldman's underperformance has held back the benchmark from even stronger gains than it has actually posted.
One source of disappointment for Goldman investors has been a lack of commitment to a strong dividend policy. With a yield of just 1.3%, the investment bank's dividend is one of the weakest in the Dow. Moreover, the company has been a bit inconsistent in the timing of its dividend increases lately, raising further concerns about its suitability for income investors. Will the investment bank respond with a healthier increase in the coming year? Let's look more closely at Goldman Sachs to see whether it will raise its dividend in 2018.
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Source: Fool.com
Goldman Sachs Group Inc. Stock
With 29 Buy predictions and not a single Sell prediction Goldman Sachs Group Inc. is an absolute favorite of our community.
At the moment Goldman Sachs Group Inc. has reached the predicted target price of 424 €, with a current price of 423.1 €.
