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Goldman Sachs and KB Home Just Raised Their Dividends

Lawrence C. Strauss

Goldman’s increase, which boosts the quarterly payout nearly 50% to $1.25 a share from 85 cents, was expected. After the bank received approval from the Federal Reserve on its capital plan on June 27, Goldman announced what it is authorized to spend on share buybacks and dividends. Goldman was one of 18 banks subject to this year’s Comprehensive Capital Analysis and Review (CCAR), which seeks to determine whether banks have adequate capital levels.