BGC Partners, Inc. (NASDAQ:BGCP) announced a quarterly dividend on Thursday, July 30th, RTT News reports. Investors of record on Wednesday, August 19th will be paid a dividend of 0.01 per share by the financial services provider on Wednesday, September 2nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Tuesday, August 18th.
BGC Partners has decreased its dividend by an average of 9.7% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. BGC Partners has a payout ratio of 6.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BGC Partners to earn $0.64 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 6.3%.
Shares of NASDAQ:BGCP opened at $2.77 on Friday. The company has a market capitalization of $986.79 million, a price-to-earnings ratio of 4.52 and a beta of 1.73. The firm’s 50 day simple moving average is $2.77 and its 200 day simple moving average is $3.59. BGC Partners has a fifty-two week low of $2.07 and a fifty-two week high of $6.14.
BGC Partners (NASDAQ:BGCP) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. BGC Partners had a net margin of 1.06% and a return on equity of 42.31%. The business had revenue of $519.09 million for the quarter, compared to the consensus estimate of $522.40 million. On average, equities analysts anticipate that BGC Partners will post 0.59 earnings per share for the current year.
A number of analysts recently issued reports on the company. BidaskClub cut BGC Partners from a “sell” rating to a “strong sell” rating in a research note on Friday, July 3rd. ValuEngine raised BGC Partners from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 2nd. Finally, Zacks Investment Research cut BGC Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, July 7th.
BGC Partners Company Profile
BGC Partners, Inc operates as a brokerage and financial technology company worldwide. It offers various brokerage products, such as fixed income, foreign exchange, equities, energy and commodities, insurance, and futures. The company also provides other services that include trade execution, broker dealer, clearing, trade compression, post-trade, information, and other back office services to financial and non-financial institutions.
Read More: What can cause a stock to outperform?
Receive News & Ratings for BGC Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BGC Partners and related companies with MarketBeat.com's FREE daily email newsletter.