Goldman Sachs' (GS) plan includes increase in the common stock dividend from $2.00 to $2.50 per share

On Thursday, June 23, the Federal Reserve notified the firm of the Stress Capital Buffer (“SCB”) for The Goldman Sachs Group, Inc. (NYSE: GS) of 6.3%, resulting in a Standardized Common Equity Tier 1 (“CET1”) ratio requirement of 13.3%, which will become effective on October 1, 2022.

Supported by the movement toward more durable revenues, the firm’s capital plan includes an increase in the common stock dividend from $2.00 to $2.50 per share (subject to approval by the firm’s Board of Directors at the customary third quarter meeting).

“Our client-oriented strategy will continue to diversify the firm’s franchise and provide a strengthened return profile,” said Chairman and CEO David Solomon. “We will continue to dynamically manage capital and remain well positioned to support our clients.”

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