GREY:GLUSF - Post by User
Post by
RetailRubeon Sep 19, 2012 5:05pm
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Post# 20387869
Mis-understood Stock
Mis-understood Stock I don't think it is widely understood that GS pays dividends in two streams: a regular quarterly dividend (currently 4-5% yield) plus a performance "special dividend" in October based on their final year-end audited financials (their year-end is June 30th). Last year's special dividend raised the combined yield to around 10%.
I watched this stock for a couple of years before I realized this is how it works. (I assumed it was a simple 3-4% yield stock.) I think this is a terrific little company and I am glad that I own it now. I spend no time worrying about it.