Sotheby's Increases Dividend to $0.10 from $0.08; Will Pay Accelerated $0.10 Dividend
The Board of Directors of Sotheby's (NYSE: BID), consistent with its frequent review of the Company's dividend payments, has declared an accelerated first and second quarter of 2013 cash dividend totaling $0.20 per share of outstanding common stock. This $0.10 per share per quarter dividend reflects a 25% increase from the previous quarterly dividend of $0.08 per share. This accelerated dividend is intended by the Board to be in lieu of quarterly dividends Sotheby's would have otherwise announced in the first and second quarters of 2013, and that would have been paid in calendar year 2013.
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