10 Best Bank Dividend Stocks To Buy Right Now

6. The Goldman Sachs Group, Inc. (NYSE:GS)

Number of Hedge Fund Holders: 72

The Goldman Sachs Group, Inc. (NYSE:GS) is a leading investment bank and financial services company. It operates across three main divisions: Global Banking and Markets, Asset and Wealth Management, and Platform Solutions. Its revenue sources include advisory fees from mergers and acquisitions, underwriting services, proprietary trading, prime brokerage, and private equity investments. The firm also generates income through its direct banking unit, Goldman Sachs Bank USA, and various hedge funds. By structuring complex financial products, facilitating initial public offerings, and making strategic investments, the company maintains its competitive advantage. With a strong reputation, a broad client network, and deep financial expertise, it remains a leading player in the global financial industry.

In the fourth quarter of 2024, The Goldman Sachs Group, Inc. (NYSE:GS) reported revenue of $13.87 billion, reflecting a 23% increase compared to the same period the previous year. Over the full year, assets under supervision grew by 12%, reaching an all-time high of $3.14 trillion. The firm’s book value per common share also saw a 7.4% rise, reaching $336.77. Moreover, Goldman Sachs ended the year with a solid liquidity position, holding $182 billion in cash and cash equivalents, an increase from $155 billion in the prior quarter.

The Goldman Sachs Group, Inc. (NYSE:GS) is one of the best dividend stocks on our list as the company has been paying regular dividends to shareholders since 1999. In FY24, the company paid $3.8 billion worth of dividends to shareholders. The company offers a quarterly dividend of $3.00 per share and has a dividend yield of 1.87%, as of February 13.