General Cable Corporation(BGC) is having a Dividend Yield of 4.35% with the Annual cash Dividend per share of $0.72. The last quarter cash dividend per share pay out was $0.18. General Cable Corporation has a 5 year average dividend yield of 2.99% and the stock has a Indicated annual dividend of $0.72. General Cable Corporation(BGC) formally announced its most recent dividend on January 31, 2017 with a Dividend per share of $0.18. The new indicated annual dividend based on announced dividend per share is $0.72. The dividend yield based on the forward looking indicated annual dividend is 4.35%. General Cable Corporation(BGC) has the most recent dividend payout ratio of 1.18 with a 5-year average payout ratio of 0.65. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.53.
General Cable Corporation (NYSE:BGC) witnessed a decline in the market cap on Thursday as its shares dropped 1.51% or 0.25 points. After the session commenced at $16.45, the stock reached the higher end at $16.65 while it hit a low of $16.2. With the volume soaring to 702,639 shares, the last trade was called at $16.3. The company has a 52-week high of $20.8. The company has a market cap of $805 million and there are 49,390,850 shares in outstanding. The 52-week low of the share price is $7.04. General Cable Corporation has lost 7.91% in the last five trading days and dropped 15.32% in the last 4 weeks. General Cable Corporation has dropped 6.53% during the last 3-month period . Year-to-Date the stock performance stands at -14.44%.
Currently the company Insiders own 2.7% of General Cable Corporation shares according to the proxy statements. Institutional Investors own 99.89% of General Cable Corporation shares. Company has reported several Insider transactions to the SEC, on Jun 20, 2016, Gregory E Lawton (director) purchased 900 shares at 14.00 per share price.On Jun 1, 2016, John E Iii Welsh (director) purchased 100 shares at 13.86 per share price.On Apr 8, 2015, Gregory J. Lampert (EVP, Pres. & CEO, Americas) sold 4,984 shares at 17.61 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.General Cable Corporation was Initiated by CL King to Neutral on Dec 1, 2016.
General Cable Corporation Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.07 EPS for the quarter, missing the analyst consensus estimate by $ -0.19. Analyst had a consensus of $0.26. The company had revenue of $924.50 million for the quarter, compared to analysts expectations of $931.65 million. The companys revenue was down -15.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.26 EPS.
General Cable Corp. is a leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the communications, energy and electrical markets. The company sells its products primarily to commercial, industrial, utility, telecommunications, original equipment manufacturers, military/government, retail, electrical, and communications distributor customers worldwide.