Interactive Brokers Group, Inc. (IBKR) to Issue Quarterly Dividend of $0.08 on March 13th

Interactive Brokers Group, Inc. (NASDAQ:IBKR) declared a quarterly dividend on Tuesday, January 20th. Investors of record on Friday, February 27th will be given a dividend of 0.08 per share by the financial services provider on Friday, March 13th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, February 27th.

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 every year for the last 2 years. Interactive Brokers Group has a dividend payout ratio of 4.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Interactive Brokers Group to earn $8.11 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 3.9%.

Interactive Brokers Group Trading Up 0.5%

Shares of NASDAQ IBKR opened at $71.92 on Wednesday. The stock has a fifty day moving average price of $71.52 and a 200 day moving average price of $67.85. The company has a market cap of $121.99 billion, a P/E ratio of 32.47, a P/E/G ratio of 2.00 and a beta of 1.24. Interactive Brokers Group has a 12-month low of $32.82 and a 12-month high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.15. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. Interactive Brokers Group’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. On average, sell-side analysts forecast that Interactive Brokers Group will post 7.46 EPS for the current fiscal 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.