BGC Partners, Inc. (NASDAQ:BGCP) to Issue $0.14 Dividend

BGC Partners, Inc. (NASDAQ:BGCP) declared a dividend on Tuesday, October 22nd, Fidelity reports. Stockholders of record on Wednesday, November 13th will be given a dividend of 0.14 per share by the financial services provider on Tuesday, November 26th. The ex-dividend date of this dividend is Tuesday, November 12th.

NASDAQ BGCP opened at $5.70 on Friday. The business’s fifty day simple moving average is $5.49 and its 200-day simple moving average is $5.27. The firm has a market cap of $1.92 billion, a PE ratio of 7.92 and a beta of 1.40. BGC Partners has a 52 week low of $4.46 and a 52 week high of $11.33. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.38.

BGC Partners (NASDAQ:BGCP) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $521.10 million during the quarter, compared to analysts’ expectations of $511.05 million. BGC Partners had a return on equity of 35.30% and a net margin of 2.56%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 earnings per share. Research analysts expect that BGC Partners will post 0.62 EPS for the current year.

Several research firms recently weighed in on BGCP. Zacks Investment Research cut BGC Partners from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. BidaskClub upgraded BGC Partners from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, ValuEngine upgraded BGC Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

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.

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Dividend History for BGC Partners (NASDAQ:BGCP)

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