Summary
Interactive Brokers Group, Inc. (IBKR) announced a significant event on December 10, 2012, via an 8-K filing, reporting the declaration of a special cash dividend of $1.00 per share. This dividend, totaling approximately $409 million, is expected to be paid from the company's existing cash reserves, underscoring a strong cash position at the time. Shareholders of record as of December 21, 2012, will receive this dividend on December 28, 2012.
Key Highlights
- 1Interactive Brokers Group (IBKR) declared a special cash dividend of $1.00 per share.
- 2The total aggregate payout for this dividend is approximately $409 million.
- 3The dividend is payable to shareholders of record on December 21, 2012.
- 4The special dividend is expected to be paid out on December 28, 2012.
- 5The company intends to fund the dividend from its existing cash on hand, indicating strong liquidity.
- 6This announcement was made through a press release filed as an exhibit to the 8-K report.
Frequently Asked Questions
The main purpose of this 8-K filing is to announce the declaration of a special cash dividend by Interactive Brokers Group, Inc.
The special cash dividend is $1.00 per share.
Shareholders of record as of December 21, 2012, will receive the dividend on December 28, 2012.
The company expects to pay the dividend from its cash on hand, suggesting a healthy liquidity position.