Goldman Sachs, once one of the fiercest trading houses on Wall Street, is becoming a stock for widows and orphans. The bank announced it would pay a dividend of $1.25, up from 85 cents, marking its largest dividend boost on record. It was recently cleared to return $8.8 billion to shareholders over the next year, up from $6.3 billion. The bank has historically preferred to buy back its own shares or reinvest capital rather than return cash to shareholders.

Source: Wall Street Journal July 01, 2019 09:22 UTC