"AskTony" column archive

This Web site contains a compilation of more than a thousand consumer finance columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today. New material will be added beginning in late 2010.

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Ameritrade stock

originally posted: 11/22/2006 reposted: 2/21/2011

Q: Several years ago I purchased and held some Ameritrade stocks. Recently I noticed a significant increase in the value. I heard that Ameritrade was giving it's shareholders a special dividend. Is this true? When? Why? If I purchase more shares of Ameritrade would these shares get the extra dividend as well? I can't seem to find any informative articles regarding Ameritrade. Could you please direct me as to the best place to find current articles regarding Ameritrade in order to be a more informed investor?

A: Ameritrade stock does not pay a dividend. The rise in price of Ameritrade shares is due to the performance of the company combined with merger activity. Efforts by E-trade to acquire the shares bumped up the price significantly. The stock price has almost doubled since we acquired the shares in May of this year (2006).

Ameritrade stock

As of the date of this reposting, Ameritrade stock is worth approximately the same as it was in 2006.

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