BGC Partners Inc. Plans Quarterly Dividend of $0.12 (BGCP)

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BGC Partners (NASDAQ:BGCP) announced a quarterly dividend on Monday, May 5th, Analyst Ratings Network reports. Stockholders of record on Friday, May 16th will be paid a dividend of 0.12 per share on Monday, June 2nd. This represents a $0.48 annualized dividend and a dividend yield of 6.67%. The ex-dividend date is Wednesday, May 14th.

A number of analysts have recently weighed in on BGCP shares. Analysts at BGC Financial raised their price target on shares of BGC Partners from $7.00 to $8.00 in a research note on Friday.

Shares of BGC Partners (NASDAQ:BGCP) opened at 7.20 on Tuesday. BGC Partners has a 52 week low of $5.10 and a 52 week high of $7.30. The stock has a 50-day moving average of $6.88 and a 200-day moving average of $6.34. The company has a market cap of $1.588 billion and a price-to-earnings ratio of 21.01.

BGC Partners (NASDAQ:BGCP) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.02. The company had revenue of $445.90 million for the quarter, compared to the consensus estimate of $436.00 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts predict that BGC Partners will post $0.58 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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