The Goldman Sachs Group, Inc. (GS) Dividend History
Income profile from 1999 to 2026 with payout safety and yield-on-cost trend
GS Dividend Income Check
Safety
31.5% payout ratio with sustainable safety profile.
Consistency
14 straight years of dividend increases.
Income Trend
Yield on cost is 5.3% and trend is rising.
GS Dividend Scorecard
Yield & Income
Payout Safety
Growth
Total Returns
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
GS Income Growth Story
Dividend per share and yield on cost over time (28 years of payments)
GS Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
The Goldman Sachs Group, Inc. distributes 31.5% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 28.5%, rated "Well Covered".
Piotroski F-Score: 4/9 — moderate financial health.
Growth Track Record
GS has raised its dividend for 14 consecutive years, with a 3-year CAGR of 15.9% and 5-year CAGR of 22.9%.
Total Shareholder Returns
Beyond cash dividends, GS returns capital through share repurchases. The combined picture: 1.5% dividend yield, 3.5% buyback yield, 5.0% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 5.3% and is currently rising. The 5-year total return is 164.4%, with dividends contributing 14.8% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $63,426 today.
GS Recent Dividend Payments
Last 20 payments · Semi-Annual
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 1, 2026Latest | $4.5000 | — | 1.84% | Jun 29, 2026 |
| Mar 2, 2026 | $4.5000 | ↑ +12.5% | 1.80% | Mar 30, 2026 |
| Dec 2, 2025 | $4.0000 | — | 1.72% | Dec 30, 2025 |
| Aug 29, 2025 | $4.0000 | ↑ +33.3% | 1.74% | Sep 29, 2025 |
| May 30, 2025 | $3.0000 | — | 2.00% | Jun 27, 2025 |
| Feb 28, 2025 | $3.0000 | — | 1.89% | Mar 28, 2025 |
| Dec 2, 2024 | $3.0000 | — | 1.91% | Dec 30, 2024 |
| Aug 30, 2024 | $3.0000 | ↑ +9.1% | 2.20% | Sep 27, 2024 |
GS Dividend vs Peers
Comparable companies in the same industry
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| $287.6B | 1.5% | 31.5% | 14 | Sustainable | |
| $302.6B | 2.0% | 45.8% | 11 | Sustainable | |
| $825.9B | 1.7% | 25.3% | 14 | Sustainable | |
3rd | $401.5B | 2.4% | 31.2% | 6 | Sustainable |
| $225.6B | 2.1% | 41.0% | 3 | Sustainable | |
1st | $95.8B | 6.3% | 2.0% | 2 | Sustainable |
| $89.4B | 0.8% | 32.4% | 6 | Sustainable | |
2nd | $4.4B | 3.8% | 78.8% | 1 | Watch |
| $13.1B | 1.0% | 24.4% | 0 | Sustainable |
GS Annual Dividend History (1999–2026)
28 years of dividend data
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $9.00 | — | 2 | — | — | — | 3.4% |
| 2025 | $14.00 | 21.7% | 4 | — | — | — | 5.3% |
| 2024 | $11.50 | 9.5% | 4 | $40.54 | 28.4% | 3.53x | 4.3% |
| 2023 | $10.50 | 16.7% | 4 | $22.87 | 45.9% | 2.18x | 4.0% |
| 2022 | $9.00 | 38.5% | 4 | $30.06 | 29.9% | 3.34x | 3.4% |
| 2021 | $6.50 | 30.0% | 4 | $59.45 | 10.9% | 9.15x | 2.5% |
| 2020 | $5.00 | 20.5% | 4 | $24.74 | 20.2% | 4.95x | 1.9% |
| 2019 | $4.15 | 31.7% | 4 | $21.03 | 19.7% | 5.07x | 1.6% |
| 2018 | $3.15 | 8.6% | 4 | $25.27 | 12.5% | 8.02x | 1.2% |
| 2017 | $2.90 | 11.5% | 4 | $9.01 | 32.2% | 3.11x | 1.1% |
Full GS Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
Should I Buy GS Right Now?
Bull case, key risks, Wall St analyst verdict, and what council investors are saying — updated daily.
See GS's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs GS Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare GS vs BRK-A
Side-by-side business, growth, and profitability comparison vs Berkshire Hathaway Inc..
Start ComparisonGS — Frequently Asked Questions
Quick answers to the most common questions about buying GS stock.
How much dividend does GS pay per share?
The Goldman Sachs Group, Inc. (GS) pays a trailing 12-month dividend of $13.48 per share, with a current dividend yield of +1.5%. Payments are made Semi-Annual.
When is GS's next ex-dividend date?
GS's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. GS typically pays dividends Semi-Annual.
Is GS's dividend safe?
GS's dividend safety is rated "Sustainable" based on an earnings payout ratio of +31.5% and FCF payout ratio of +28.5%. With 14 consecutive years of dividend growth, the track record supports sustainability.
Is GS a Dividend Achiever?
Yes, The Goldman Sachs Group, Inc. is classified as a Dividend Achiever with 14 consecutive years of dividend increases. The 5-year dividend CAGR is +22.9%, demonstrating above-inflation dividend growth.
How often does GS pay dividends?
The Goldman Sachs Group, Inc. pays dividends Semi-Annual. The trailing 12-month total is $13.48 per share. Dividend data on this page covers 27+ years from 1999 to 2026.
How much would $10,000 invested in GS grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in GS five years ago would be worth approximately $26,440 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is GS's yield on cost for long-term holders?
GS's yield on cost — the current dividend divided by the original purchase price — is +5.3% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +1.5% market yield, thanks to consistent dividend growth.