Sothebys Stock To Go Ex-dividend Tomorrow (BID)

NEW YORK ( TheStreet) -- The ex-dividend date for Sothebys (NYSE: BID) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $37.27 as of 9:30 a.m. ET, the dividend yield is 0.9%.

The average volume for Sothebys has been 1.3 million shares per day over the past 30 days. Sothebys has a market cap of $2.3 billion and is part of the services sector and specialty retail industry. Shares are up 32.8% year to date as of the close of trading on Monday.

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 15.3, above the average specialty retail industry P/E ratio of 12.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Sothebys as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself. You can view the full Sothebys Ratings Report.

See our dividend calendar or top-yielding stocks list.
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