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Goldman Sachs (GS) Approves 8.3% Dividend Increase

March 11, 2015 4:52 PM EDT

Goldman Sachs (NYSE: GS) announced that the Federal Reserve Board did not object to its revised 2015 capital plan, which includes the repurchase of outstanding common stock, an increase to its quarterly common stock dividend and the possible issuance and redemption of other capital securities. The firm intends to increase its quarterly common stock dividend by five cents a share to $0.65 per share, effective in the second quarter of 2015, subject to its Board of Directors’ approval.

“We remain focused on managing our resources dynamically, growing our client franchise, and generating superior returns for our shareholders while remaining well capitalized,” said Chairman and Chief Executive Officer, Lloyd Blankfein.



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