Cboe Raises Dividend by 15%, Adds $500 Million to Buyback Program
By Dean Seal
Cboe Global Markets has raised its quarterly dividend by 15% and added $500 million to its share repurchase program.
The Chicago-based options-exchange operator said Friday that it will pay 63 cents per share on Sept. 13 to stockholders of record as of Aug. 30. That's up from a previous quarterly dividend of 55 cents a share.
On an annualized basis, the new payout is $2.52 a share and represents a yield of about 1.2% based on Friday's closing price of $202.94.
Cboe also said that its board has authorized an additional $500 million of stock buybacks. That stacks on top of the $179.8 million that remained in its current share repurchase program as of the end of July.
The buyback program has no expiration date and permits purchases through the open market or privately negotiated transactions.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
August 16, 2024 17:15 ET (21:15 GMT)
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