BGC Stock To Go Ex-dividend Tomorrow (BGCP)

NEW YORK ( TheStreet) -- The ex-dividend date for BGC Partners (Nasdaq: BGCP) is tomorrow, May 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $6.62 as of 9:30 a.m. ET, the dividend yield is 10.1%.

The average volume for BGC has been 1.2 million shares per day over the past 30 days. BGC has a market cap of $705.2 million and is part of the financial sector and financial services industry. Shares are up 13.1% year to date as of the close of trading on Friday.

BGC Partners, Inc. operates as a financial intermediary to the financial markets specializing in the brokering of various financial products. The company has a P/E ratio of 48, above the average financial services industry P/E ratio of 44.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates BGC as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full BGC Ratings Report.

See our dividend calendar or top-yielding stocks list.

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