Interactive Brokers is to pay a special dividend by the end of the year, the company announced in a press release.

That dividend is $1.00 per share on the firm's common stock. It will be paid on Dec. 28 to shareholders of record as of Dec. 21.

All told, the company's aggregate amount in payouts will total $409 million, which Interactive anticipates will be available from cash on hand.


Many companies are initiating special and/or "accelerated" dividend payouts to reward their shareholders before 2013, since dividend taxes will rise sharply if key elements of the "fiscal cliff" are not avoided.

The article Interactive Brokers Declares Special Dividend originally appeared on Fool.com.

Eric Volkman and The Motley Fool have no positions in Interactive Brokers. Motley Fool newsletter services recommend Interactive Brokers. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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