As per Sotheby's (NYSE:BID)’s news release on 2016-01-05, its shareholders will get cash dividend of $0.1 per share. The recent press release updated on the record date and payout date, which stands at 2015-12-01 and 2015-12-15, respectively.
The stock of Sotheby's (NYSE:BID) will commence trading ex-dividend from 2015-11-27, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Sotheby's (NYSE:BID) disbursed $0.2 in dividend compared to distribution of $4.74, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -91.5612%.
The past track record of five years substantiates that the average payout of Sotheby's (NYSE:BID) stands at $1.198, implying 14.8698% growth. The company recorded earnings of $1.04 a share in the preceding fiscal.
The interim price target for Sotheby's (NYSE:BID) is set at $28. This level is the mean price reached by averaging the stock views of 2 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $28 and the lowest level is established at 28. This broad range highlights a standard deviation of $0 in reported estimates.
AlphaOne has allotted A sentiment score of 0.124 to Sotheby's (NYSE:BID) while impact score assigned is 57 as on as on 2016-07-17.
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