Published on 11 May 2023 on Simply Wall St. via Yahoo Finance

BGC Partners, Inc. (NASDAQ:BGCP) Passed Our Checks, And It's About To Pay A US$0.01 Dividend

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that BGC Partners, Inc. (NASDAQ:BGCP) is about to go ex-dividend in just 4 days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Accordingly, BGC Partners investors that purchase the stock on or after the 16th of May will not receive the dividend, which will be paid on the 31st of May.

The company's next dividend payment will be US$0.01 per share, and in the last 12 months, the company paid a total of US$0.04 per share. Calculating the last year's worth of payments shows that BGC Partners has a trailing yield of 1.0% on the current share price of $4.1. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to check whether the dividend payments are covered, and if earnings are growing.

Check out our latest analysis for BGC Partners