7 Cheap Quarterly Dividend Stocks to Invest in

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

Forward P/E Ratio: 13.74

The Goldman Sachs Group, Inc. (NYSE:GS) is a New York-based multinational investment banking company that offers a wide range of financial services to its consumers. In the fourth quarter of 2024, the company reported revenue of $13.87 billion, reflecting a 23% increase compared to the same period last year. For the full year, the company’s assets under supervision rose by 12%, reaching a record $3.14 trillion. In addition, its book value per common share increased by 7.4%, reaching $336.77. The company also ended the year with a robust cash position, holding $182 billion in cash and cash equivalents, up from $155 billion the previous quarter.

A significant portion of The Goldman Sachs Group, Inc. (NYSE:GS)’s operations is its asset and wealth management division, which oversees trillions of dollars in assets and contributes significantly to its revenue. Investors are focused on expanding this segment, as its stable revenue stream supports higher market valuations. The firm is also shifting to a more capital-efficient approach by cutting back on equity and debt investments. This strategy enhances growth potential, improves stability, and increases the company’s reliance on income from fees. In the past 12 months, the stock has surged by nearly 68%.

The Goldman Sachs Group, Inc. (NYSE:GS) has consistently paid its shareholders dividends since 1999. In FY24, the company returned $3.8 billion to shareholders in the form of dividends. On January 15, it announced a quarterly dividend of $3.00 per share, maintaining the same amount as its previous dividend. The stock’s dividend yield on January 30 came in at 1.85%.

Of the 900 hedge funds tracked by Insider Monkey at the end of Q3 2024, 72 funds owned stakes in The Goldman Sachs Group, Inc. (NYSE:GS), up from 68 in the previous quarter. These stakes are collectively valued at over $5.6 billion. Among these hedge funds, Fisher Asset Management was the company’s leading stakeholder in Q3.