Sothebys Stock To Go Ex-dividend Tomorrow (BID) - TheStreet

NEW YORK (

TheStreet

) -- The ex-dividend date for

Sothebys

(NYSE:

BID

) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $35.62 as of 9:35 a.m. ET, the dividend yield is 0.6%.

The average volume for Sothebys has been 1.4 million shares per day over the past 30 days. Sothebys has a market cap of $2.3 billion and is part of the

services

sector and

specialty retail

industry. Shares are down 22.6% year to date as of the close of trading on Friday.

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 11.3, 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

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Sothebys Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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