12 Best Financial Sector Dividend Stocks To Buy Right Now

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

Number of Hedge Fund Holders: 72

The Goldman Sachs Group, Inc. (NYSE:GS) is a New York-based multinational investment bank and financial services company. Its revenue streams come from advisory fees for mergers and acquisitions, underwriting services, proprietary trading, prime brokerage, and private equity investments. In addition, it earns income through its direct banking arm, Goldman Sachs Bank USA, as well as various hedge funds. By structuring sophisticated financial products, supporting initial public offerings, and making strategic investments, the firm sustains its competitive edge. With a strong reputation, an extensive client network, and deep financial expertise, it continues to be a dominant force in the global financial industry.

In the fourth quarter of 2024, The Goldman Sachs Group, Inc. (NYSE:GS) posted revenue of $13.87 billion, marking a 23% increase from the same period a year earlier. For the full year, assets under supervision climbed 12% to a record $3.14 trillion. The firm’s book value per common share rose 7.4% to $336.77. Moreover, Goldman Sachs strengthened its liquidity position, closing the year with $182 billion in cash and cash equivalents, up from $155 billion in the previous quarter.

The Goldman Sachs Group, Inc. (NYSE:GS) currently offers a quarterly dividend of $3.00 per share and has a dividend yield of 1.82%, as of February 16. In FY24, the company distributed $3.8 billion to shareholders through dividends. Moreover, it has kept its dividend steady since 1999, which makes GS one of the best dividend stocks in the financial sector.