Interactive Brokers Q1 Earnings, Revenue Rise; Ups Dividend

MT Newswires Live
16 Apr

Interactive Brokers Group (IBKR) reported Q1 adjusted earnings Tuesday of $1.88 per diluted share, up from $1.64 a year ago.

Analysts polled by FactSet expected $1.92.

Revenue for the quarter ended March 31 was $1.43 billion, up from $1.20 billion a year earlier.

Analysts surveyed by FactSet expected $1.41 billion.

The firm said it raised its quarterly dividend to $0.32 per share, payable June 13 to shareholders of record May 30.

The company also said it will have a four-for-one forward split of its stock to make stock ownership more accessible to investors. Each record holder on June 16 will receive three additional shares, with distribution on June 17.

Trading is expected to commence on a split-adjusted basis June 18, the company said.

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