NEW YORK (
) -- The ex-dividend date for
) is tomorrow, May 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $41.06 as of 9:31 a.m. ET, the dividend yield is 0.5%.
The average volume for Sothebys has been 1.3 million shares per day over the past 30 days. Sothebys has a market cap of $2.8 billion and is part of the
industry. Shares are down 9% year to date as of the close of trading on Wednesday.
Sotheby's, together with its subsidiaries, operates as an auctioneer of fine and decorative art, jewelry, and collectibles primarily in the United States, the United Kingdom, China, and France. The company operates in three segments: Auction, Finance, and Dealer. The company has a P/E ratio of 17.1, equal to the average specialty retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Sothebys as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full