General Cable Corporation (BGC) to Issue $0.18 Quarterly Dividend
General Cable Corporation (NYSE:BGC) declared a quarterly dividend on Tuesday, August 8th, RTT News reports. Investors of record on Friday, September 8th will be paid a dividend of 0.18 per share by the industrial products company on Friday, September 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.93%.
General Cable Corporation has increased its dividend payment by an average of 10.1% per year over the last three years.
Shares of General Cable Corporation (BGC) traded up 1.67% during mid-day trading on Tuesday, reaching $18.30. 1,304,822 shares of the company’s stock traded hands. General Cable Corporation has a 12-month low of $11.70 and a 12-month high of $20.80. The stock’s market capitalization is $910.50 million. The company’s 50-day moving average price is $17.25 and its 200-day moving average price is $17.37.
General Cable Corporation (NYSE:BGC) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.12. The firm had revenue of $943.10 million during the quarter. General Cable Corporation had a negative net margin of 4.80% and a positive return on equity of 13.47%. Analysts anticipate that General Cable Corporation will post $0.75 earnings per share for the current year.
Separately, BidaskClub upgraded shares of General Cable Corporation from a “hold” rating to a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold”.
ILLEGAL ACTIVITY WARNING: “General Cable Corporation (BGC) to Issue $0.18 Quarterly Dividend” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/08/08/general-cable-corporation-bgc-to-issue-0-18-quarterly-dividend.html.
General Cable Corporation Company Profile
General Cable Corporation is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. The Company’s segments include North America, Europe, Latin America, and Africa/Asia Pacific.
Receive News & Ratings for General Cable Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Cable Corporation and related companies with MarketBeat.com's FREE daily email newsletter.