BGC Partners, Inc. (bgcp) Declares Quarterly Dividend of $0.18
BGC Partners, Inc. (NASDAQ:bgcp) announced a quarterly dividend on Monday, May 8th. Shareholders of record on Friday, May 19th will be given a dividend of 0.18 per share by the financial services provider on Monday, June 5th. This represents a $0.72 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date of this dividend is Wednesday, May 17th. This is an increase from BGC Partners’s previous quarterly dividend of $0.16.
BGC Partners (NASDAQ:BGCP) traded down 0.69% during mid-day trading on Tuesday, reaching $11.49. 146,724 shares of the company’s stock were exchanged. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 31.57 and a beta of 1.40. The stock has a 50-day moving average of $11.14 and a 200-day moving average of $10.56. BGC Partners has a 12 month low of $8.18 and a 12 month high of $11.85.
BGC Partners (NASDAQ:BGCP) last posted its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $707.40 million during the quarter, compared to analysts’ expectations of $693 million. BGC Partners had a net margin of 4.08% and a return on equity of 29.70%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the company posted $0.18 earnings per share. Analysts anticipate that BGC Partners will post $0.99 earnings per share for the current year.
Separately, Zacks Investment Research upgraded shares of BGC Partners from a “hold” rating to a “strong-buy” rating and set a $13.00 price target for the company in a report on Monday, April 3rd.
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About BGC Partners
BGC Partners, Inc (BGC) is a global brokerage company servicing the financial and real estate markets. The Company operates through two segments: Financial Services and Real Estate Services. It provides a range of services, including trade execution, broker-dealer services clearing, trade compression, post trade, information, and other back-office services to a range of financial and non-financial institutions.
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