SmarterDividends
GS

Goldman Sachs (GS) Dividend

The Goldman Sachs Group, Inc. · Financial Services · Capital Markets · quarterly payer

$873.36

Overvalued · -23% Add to Portfolio

As of Nov 5, 2026, Goldman Sachs (GS) pays a quarterly dividend of $5.00 per share, or $20.00 a year, a 2.16% yield at its $873.36 share price. The next ex-dividend date is Dec 2, 2026, paid Dec 30, 2026. It has raised its dividend 14 years in a row and has a dividend safety grade of A.

Forward Yield

2.16%

Annual Dividend

$20.00

Payout Ratio

26%

5-Yr Growth

22.9%

Ex-Date

Dec 2, 2026

Frequency

Quarterly

Key facts about GS's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, The Goldman Sachs Group, Inc. (GS) has a forward dividend yield of 2.16%, based on an annual dividend of $20.00 per share and a share price of $873.36.
  • As of Nov 5, 2026, GS's dividend safety grade from SmarterDividends is A (89 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, The Goldman Sachs Group, Inc. (GS) has raised its dividend for 14 consecutive years as of Nov 5, 2026.
  • GS has never cut its regular dividend in the payment history SmarterDividends has on record.
  • GS's next ex-dividend date is Dec 2, 2026, with payment on Dec 30, 2026. Shares must be owned before that date to receive the dividend.
  • As of Nov 5, 2026, GS pays out 26% of its trailing 12-month earnings as dividends (its payout ratio).
  • GS's dividend has grown at an average rate of 22.9% a year over the past five years.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for GS is $673.39 per share, 23% below the $873.36 share price, so GS screens as overvalued.
  • The Goldman Sachs Group, Inc. (GS) pays its dividend quarterly, 4 times a year.
  • The Goldman Sachs Group, Inc. (GS) has raised its regular dividend 18 times and cut it 0 times across the 110 payments on record since 1999. Its most recent change was a 11.1% increase to $5.00 per share, going ex-dividend on Sep 1, 2026.
  • Goldman Sachs (GS) has declared its first higher dividend of the year in July in 5 of the last 5 years; its most recent raise, 11.1%, was declared on Jul 13, 2026.
Cite this page

SmarterDividends, "GS Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/GS

Is GS a good dividend stock?

Yes

The Goldman Sachs Group, Inc. (GS) pays a quarterly dividend yielding 2.16% ($20.00/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • 14 consecutive years of dividend growth
  • Never cut its dividend on record
  • Comfortable payout ratio (26%)
  • Strong 22.9% 5-yr dividend growth
  • 135% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
2.16%
Payout Ratio
26%
Annual Dividend
$20.00
5-Yr Avg Growth
22.9%
Ex-Dividend Date
Dec 2, 2026
Years of Growth
14
Frequency
quarterly
Beta
1.27
Market Cap
$251.9B
P/E Ratio
12.6
5-Yr Total Return
135%
52-Week Range
$754.00 – $1,153.99
Dividend Safety
A · 89/100
Ever Cut?
No

GS dividend raises and cuts

The Goldman Sachs Group, Inc. (GS) has raised its regular dividend 18 times and cut it 0 times across the 110 payments on record since 1999. Its most recent change was a 11.1% increase to $5.00 per share, going ex-dividend on Sep 1, 2026.

Ex-dateChangeOld → newMove
Sep 1, 2026Raise$4.50 → $5.00+11.1%
Mar 2, 2026Raise$4.00 → $4.50+12.5%
Aug 29, 2025Raise$3.00 → $4.00+33.3%
Aug 30, 2024Raise$2.75 → $3.00+9.1%
Aug 30, 2023Raise$2.50 → $2.75+10.0%
Aug 31, 2022Raise$2.00 → $2.50+25.0%
Aug 31, 2021Raise$1.25 → $2.00+60.0%
Aug 29, 2019Raise$0.850 → $1.25+47.1%
May 29, 2019Raise$0.800 → $0.850+6.2%
May 30, 2018Raise$0.750 → $0.800+6.7%
May 30, 2017Raise$0.650 → $0.750+15.4%
May 28, 2015Raise$0.600 → $0.650+8.3%
Show all 18 changes since 2003
Ex-dateChangeOld → newMove
Nov 28, 2014Raise$0.550 → $0.600+9.1%
Nov 27, 2013Raise$0.500 → $0.550+10.0%
Nov 28, 2012Raise$0.460 → $0.500+8.7%
May 29, 2012Raise$0.350 → $0.460+31.4%
Apr 21, 2006Raise$0.250 → $0.350+40.0%
Jul 25, 2003Raise$0.120 → $0.250+108.3%
Every GS payment →Download every raise and cut (CSV)
GS ex-dividend date & scheduleNext ex-date Dec 2, 2026 · full ex-dividend historyView →GS dividend historyEvery payment, totals by year, raises and cutsView →GS dividend calculator100 shares pay $2,000.00 a year, $500.00 each quarterCalculate →GS total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is GS a good dividend stock?

Yes. The Goldman Sachs Group, Inc. (GS) pays a quarterly dividend yielding 2.16% ($20.00/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is GS undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, GS's fair value is about $673.39 versus a $873.36 share price — so it looks overvalued (-23% vs. fair value).

Is GS's dividend safe?

GS has a dividend-safety grade of A (89/100), based on its payout coverage, free-cash-flow, 14-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is GS's fair value?

Our blended fair-value estimate for GS is about $673.39 per share, about 23% below the current $873.36 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is GS a buy, hold, or sell?

We don't issue formal ratings, but on the data GS screens as "yes" and overvalued. The Goldman Sachs Group, Inc. (GS) pays a quarterly dividend yielding 2.16% ($20.00/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will GS cut its dividend?

GS earns a dividend-safety grade of A (89/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does GS pay a dividend?

Yes. The Goldman Sachs Group, Inc. pays a quarterly dividend of about $20.00 per share annually, a forward yield of roughly 2.16%.

How much dividend does 100 shares of GS pay?

At $20.00 per share a year, 100 shares of GS pay $2,000.00 a year in dividends before tax, about $500.00 each quarter. Buying them costs about $87,336 at the Nov 5, 2026 price.

What is GS's dividend yield?

As of Nov 5, 2026, GS's forward dividend yield is 2.16%, based on a $20.00 annual dividend and a $873.36 share price.

What is GS's dividend per share?

As of Nov 5, 2026, GS pays $20.00 per share per year, distributed on a quarterly basis.

What is GS's dividend payout ratio?

As of Nov 5, 2026, GS's payout ratio is 26% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has GS grown its dividend?

As of Nov 5, 2026, GS has increased its dividend for 14 consecutive years.

When is the next GS ex-dividend date?

As of Nov 5, 2026, the next ex-dividend date on record for GS is Dec 2, 2026.

GS Dividend News

GS
IncreaseGS·Sep 2, 2026

Goldman Sachs Raises Quarterly Dividend 11.1% to $5.00

Goldman Sachs lifted its quarterly dividend 11.1% to $5.00, extending a 14-year growth streak as earnings coverage and capital stayed strong.

Income Calculator

At $20.00 / yr per share

Per payment (quarterly)$500.00
Annual$2,000.00
Monthly avg$166.67
Full GS dividend calculator →

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