BGC Partners Inc. Announces Quarterly Dividend of $0.12 (BGCP)
BGC Partners (NASDAQ:BGCP) announced a quarterly dividend on Monday, August 4th, Analyst Ratings News reports. Investors of record on Friday, August 22nd will be paid a dividend of 0.12 per share on Friday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 6.19%. The ex-dividend date is Wednesday, August 20th.
On a related note, analysts at Raymond James reiterated an “outperform” rating on shares of BGC Partners in a research note on Tuesday, June 24th. They now have a $8.00 price target on the stock, up previously from $7.50.
BGC Partners (NASDAQ:BGCP) traded up 0.78% during mid-day trading on Monday, hitting $7.76. The stock had a trading volume of 1,019,982 shares. BGC Partners has a one year low of $5.10 and a one year high of $8.01. The stock’s 50-day moving average is $7.56 and its 200-day moving average is $7.04. The company has a market cap of $1.698 billion and a P/E ratio of 62.60.
BGC Partners (NASDAQ:BGCP) last announced its earnings results on Thursday, July 31st. The company reported $0.13 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.13. The company had revenue of $430.30 million for the quarter, compared to the consensus estimate of $429.60 million. During the same quarter last year, the company posted $0.13 earnings per share. BGC Partners’s revenue was down 8.7% compared to the same quarter last year. On average, analysts predict that BGC Partners will post $0.56 earnings per share for the current fiscal year.
BGC Partners, Inc (NASDAQ:BGCP) is a global brokerage company primarily servicing the wholesale financial markets, specializing in the brokering of a range of products, including fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, property derivatives, commodities, futures and structured products.
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