- Price as of: May 25, 12:36 PM EDT
- Business services
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BID Daily Snapshot
- Quote Time:
- May 25, 12:36 PM
- Today's Volume:
- Open Price:
- Day's Range:
- $29.45 - $30.40
- Previous Close:
- 52 Week Low / High:
- $18.86 - $47.28
- Percent Off 52 Week High:
BID Dividend Growth History
Last 5 Yrs
Last 3 Yrs
BID Dividend History
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BID Company Profile
Sotheby's (BID) operates as an auctioneer of fine art, antiques and decorative art, and jewelry and collectibles primarily in the United States, the United Kingdom, and China. The company operates in three segments: Auction, Finance, and Dealer. The company was founded in 1744 and is headquartered in New York, New York. Sotheby’s is largely affected by the quality and amount of property consigned for sale, which results in significant variability in its financial results. As well, demand for art is unpredictable, which can add increased volatility. Sotheby’s has been paying dividends since 1988, and has annually increased them since 2012. Sotheby’s pays its dividends quarterly.
March 02, 2015
Before Monday’s opening bell, a couple of big name, dividend paying companies announced their quarterly earnings. Below, we look at these earnings reports and break down the important points for investors.
March 04, 2015
Ex-dividend dates are very important to dividend investors, since you must purchase a stock prior to its ex-dividend date in order to receive its upcoming dividend payout. For more information, check out Everything Investors Need to Know About...
November 09, 2015
After last week’s continued Fed presence, with Janet Yellen and others providing testimony and speeches, this week should be a welcome break for investors.
The amount of data and earnings should be light, though what will be released (unemployment...
November 13, 2015
Maybe the markets were being a tad bit superstitious this week as this Friday is the 13th, but each day it seemed that investors were on edge. Even the Veterans Day holiday didn’t help. That uneasiness managed to plunge the Dow Jones Industrials...
Nov 10, 2014Before the opening bell on Monday, a number of big name, dividend paying companies announced their quarterly earnings. Below, we look at these...
Aug 8, 2014Before the opening bell on Friday, a number of big name, dividend paying companies announced their quarterly earnings. Below, we look at these...
Wednesday's Analyst Moves: The Boeing Company, ConocoPhillips, Reynolds American, Inc., More (BA, COP, RAI, More)Jun 11, 2014Before Wednesday's opening bell, a number of big name dividend stocks were the subject of analyst moves. Below, we highlight the important analyst...
May 28, 2014Ex-dividend dates are very important to dividend investors, since you must purchase a stock prior to its ex-dividend date in order to receive its...
Sotheby's Adopts Shareholder Rights Plan to Fend Off Daniel Loeb (BID)Oct 4, 2013As activist investor Daniel Loeb lobbies for Sotheby's (BID) CEO to resign, the auction company adopted a shareholder rights plan on Friday to prevent efforts to obtain control of the company in ways that are not in the best interest of shareholders. Sotheby's Board of Directors said that they have adopted a shareholder rights plan and declared a dividend distribution of one preferred share purchase right on each outstanding share of the company's common stock. The dividend distribution will be made on October 14, payable to shareholders of record on that date. The shareholder rights plan provides several protections: 1) expires automatically in 12 months unless approved by shareholders (in which case it will expire in three years); 2) has an exception for offers made for all shares of the Company that treat all shareholders equally and that result in the bidder owning a majority of the Company's shares after 100 days; 3) guards against coercive tactics to gain control without paying all shareholders a premium for that control; 4) facilitates the ability of all shareholders to realize the full long-term value of their investment in the Company. The company noted that this rights plans will not prevent a takeover, but it encourages anyone seeking to acquire the company to negotiate with the Board of Directors first. Bill Ruprecht, Sotheby's Chairman and CEO, said: "This action is designed to protect the interests of all of our shareholders. We look forward to continuing to engage in constructive dialogue with our investors regarding our plans for the business, our comprehensive capital allocation and financial review currently underway, and avenues for enhancing and delivering value to our shareholders. Thanks to our exceptional staff, we have truly spectacular property lined up for sale this season and look forward to delivering outstanding results for our clients." Sotheby's shares were up a fraction during pre-market trading on Friday. The stock is up 51.52% year-to-date.Expand to read the full story
Activist Investor Daniel Loeb Encourages Sotheby's CEO to Step Down (BID)Oct 2, 2013Daniel Loeb, the activist investor behind the Third Point LLC hedge fund, has upped the fund's stake in Sotheby's (BID) and called for the resignation of its CEO. According to Reuters, Third Point is now the largest shareholder of Sotheby's, with 9.3%. In a letter that was released on Wednesday in a regulatory filing, it stated that Loeb has plans to join the board and encourage William Ruprecht, BID's CEO and chairman, to step down. Loeb cites "chronically weak operating margins and deteriorating competitive position relative to Christie's" as the reasons why this management change should occur. BID shares were up 33 cents, or 0.66%, at Wednesday's market close. The stock is up more than 43% YTD.Expand to read the full story
The Bottom LineShares of Sotheby's (BID) have a yield of 0.8% based on Wednesday's closing price of $50.04 and the company's annualized payout of 40 cents. Sotheby's (BID) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.