TD Ameritrade Sees Rise in Q2 Profits; Declares Dividend (AMTD)

TD Ameritrade Sees Rise in Q2 Profits; Declares Dividend (AMTD)

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Financial services company, TD Ameritrade Holding Corp. (AMTD) reported an increase in Q2 profits on Tuesday, which matched analysts estimates.

The Omaha, NE based company reported second quarter net income of $144 million, or 26 cents per share, up 5% from $137 million, or 25 cents per share last year. Analysts expected to see earnings of 26 cents per share.

Revenue for the quarter rose to $679 million, from $673 million last year. On average, analysts expected to see $674.49 million in revenue.

The company reported that it held a record of $517 billion in total client assets at the end of its second quarter.

Additionally, AMTD declared a 9 cent dividend which will be payable on May 15 to shareholders of record on May 1.

TD Ameritrade shares were up 18 cents, or 0.93% during premarket trading Tuesday. The stock has increased 5% in the past year.

The Bottom Line
Shares of TD Ameritrade Holding Corp. (AMTD) have a 1.85% yield, based on Monday’s closing price of $19.44.

TD Ameritrade Holding Corp. (AMTD) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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