Interactive Brokers Group, Inc. (NASDAQ:IBKR) Increases Dividend to $0.15 Per Share

Key Points

• Interactive Brokers raised its quarterly dividend 71.4% to $0.15 per share, equivalent to $0.60 annually and a 0.7% yield. Shareholders of record on December 1 will receive payment on December 14.
• The dividend appears well covered, with a current payout ratio of 4.5%; analysts expect earnings of $3.28 per share next year versus the company’s projected $0.35 annual dividend.
• In its latest quarter, Interactive Brokers reported $0.67 in EPS, matching estimates, while revenue rose 15.6% year over year to $1.87 billion, slightly exceeding expectations.

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) declared a quarterly dividend on Thursday, October 15th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.15 per share by the financial services provider on Monday, December 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, December 1st. This is a 71.4% increase from Interactive Brokers Group's previous quarterly dividend of $0.0875.

Interactive Brokers Group has increased its dividend payment by an average of 0.2% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Interactive Brokers Group has a dividend payout ratio of 4.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Interactive Brokers Group to earn $3.28 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 10.7%.

Interactive Brokers Group Stock Performance

IBKR opened at $86.03 on Friday. Interactive Brokers Group has a fifty-two week low of $58.95 and a fifty-two week high of $98.75. The firm has a 50-day moving average of $90.43 and a 200 day moving average of $87.16. The firm has a market cap of $146.37 billion, a P/E ratio of 34.41, a PEG ratio of 1.49 and a beta of 1.37.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Thursday, October 15th. The financial services provider reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm posted $0.57 earnings per share. The company's revenue for the quarter was up 15.6% on a year-over-year basis. Equities research analysts predict that Interactive Brokers Group will post 2.69 earnings per share for the current fiscal year.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and custody services to individual investors, financial advisors, hedge funds, proprietary trading firms, family offices and other institutional clients. The company offers access to a broad range of markets and financial instruments, including stocks, options, futures, currencies, bonds, exchange-traded funds and mutual funds.

Interactive Brokers provides its services through digital platforms such as Trader Workstation, IBKR Mobile and Client Portal, along with application programming interfaces for clients seeking automated or integrated trading capabilities.

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