The ex-dividend date for Sothebys (NYSE:BID) is tomorrow, November 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $27.81 as of 9:30 a.m., the dividend yield is 1.2%.
NEW YORK ( TheStreet) -- The ex-dividend date for Sothebys (NYSE: BID) is tomorrow, November 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $27.81 as of 9:30 a.m. ET, the dividend yield is 1.2%. The average volume for Sothebys has been 1.5 million shares per day over the past 30 days. Sothebys has a market cap of $1.88 billion and is part of the services sector and specialty retail industry. Shares are down 41% 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 in North America, Europe, and Asia. The company operates in three segments: Auction, Finance, and Dealer. The company has a P/E ratio of 9.5, below the average specialty retail industry P/E ratio of 9.9 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Sothebys as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Sothebys Ratings Report. See our dividend calendar or top-yielding stocks list.