Interactive Brokers Group, Inc. (NASDAQ:IBKR) Announces Dividend Increase – $0.09 Per Share

Interactive Brokers Group, Inc. (NASDAQ:IBKR) announced a quarterly dividend on Tuesday, April 21st. Shareholders of record on Monday, June 1st will be given a dividend of 0.0875 per share by the financial services provider on Friday, June 12th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, June 1st. This is a 9.4% increase from Interactive Brokers Group’s previous quarterly dividend of $0.08.

Interactive Brokers Group has increased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Interactive Brokers Group has a payout ratio of 4.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Interactive Brokers Group to earn $2.73 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 11.7%.

Interactive Brokers Group Stock Down 2.0%

Interactive Brokers Group stock opened at $79.62 on Wednesday. The business has a fifty day moving average of $71.04 and a two-hundred day moving average of $69.57. The firm has a market cap of $135.06 billion, a P/E ratio of 35.95, a P/E/G ratio of 2.25 and a beta of 1.25. Interactive Brokers Group has a twelve month low of $38.53 and a twelve month high of $82.88.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.Interactive Brokers Group’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.94 earnings per share. Equities analysts expect that Interactive Brokers Group will post 2.45 earnings per share for the current year.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.