CBOE Holdings, Inc (NASDAQ:CBOE), the holding company for Chicago Board Options Exchange (CBOE), the CBOE Futures Exchange (CFE), has just announced that its Board of Directors has approved a 10% rise in the company’s quarterly cash dividend.
This means that the dividend is increased to $0.23 from $0.21 per share of common stock. The change will become effective with the third-quarter dividend and payable on September 18, 2015, to stockholders of record at the close of business on September 4, 2015.
CBOE Holdings Chief Executive Officer Edward T. Tilly notes that CBOE has been raising its dividend every year since 2010.
“The quarterly dividend increase reflects our long-term commitment to enhancing shareholder value. We continue to invest in strategic growth opportunities, while our strong cash flow allows us to return capital to shareholders”, he added.
In May this year, CBOE Holdings’ Board expanded its share repurchase authorization by $100 million of its outstanding common stock. Since 2011, the Board has authorized a total of $500 million for stock repurchases.
To view the official announcement by CBOE, click here.