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.
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