There is still a tug a war in the financial sector (mixed) signals. The following was a precusor to the following pop and drop and pop with a touch of fade. Market was not to happy that GS was a little greedy with TARP and now they want to pay it off and keep bonuses in tact.The Goldman Sachs Group, Inc. announced that it has priced a public offering of 40,650,407 shares of its common stock at a price to the public of $123 per share for total gross proceeds of approximately $5 billion. Bad News - Dropped the stock below it's offering price. Warren Buffets price level from last couple of months.
The Goldman Sachs Group, Inc. announced that it has declared a dividend of $0.35 per common share to be paid on June 25, 2009 to common shareholders of record on May 26, 2009. The Board also declared dividends of $234.38, $387.50, $250.00 and $250.00 per share of Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock, respectively (represented by depositary shares, each representing a 1/1,000th interest in a share of preferred stock), to be paid on May 11, 2009 to preferred shareholders of record on April 26, 2009. In addition, the Board declared dividends of $2,500 per share of Series G Preferred Stock to be paid on May 11, 2009 to preferred shareholders of record on April 25, 2009 and dividends of $12.50 per share of Series H Preferred Stock to be paid on May 15, 2009 to preferred shareholders of record on April 30, 2009.
