The ex-dividend date for Sothebys (NYSE:BID) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $31.40 as of 9:30 a.m., the dividend yield is 1%.
NEW YORK ( TheStreet) -- The ex-dividend date for Sothebys (NYSE: BID) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $31.40 as of 9:30 a.m. ET, the dividend yield is 1%. The average volume for Sothebys has been 1.3 million shares per day over the past 30 days. Sothebys has a market cap of $2.1 billion and is part of the services sector and specialty retail industry. Shares are up 8.4% year to date as of the close of trading on Friday. Sotheby's, together with its subsidiaries, operates as an auctioneer of authenticated fine and decorative art, jewelry, and collectibles in the United States, the United Kingdom, China, France, and internationally. The company operates in three segments: Auction, Finance, and Dealer. The company has a P/E ratio of 13.6, below the average specialty retail industry P/E ratio of 13.8 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Sothebys as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Sothebys Ratings Report. See our dividend calendar or top-yielding stocks list.