CBOE Holdings, Inc (NASDAQ:CBOE), the holding company for Chicago Board Options Exchange (CBOE), the CBOE Futures Exchange (CFE), announced on Wednesday that its Board of Directors has declared a quarterly cash dividend of $0.23 per share.
The quarterly cash dividend of $0.23 per share of common stock will be payable on March 18, 2016, to common stockholders of record on March 4, 2016.
In addition, the Board of Directors also agreed to expand the company share repurchase authorization by $100 million, with the change effective immediately. This expanded share repurchase authorization will be added to the approximately $57.5 million of availability that was left under CBOE’s existing share repurchase authorization through December 31, 2015.
Since the launch of its share repurchase program in 2011 through December 31, 2015, the company has repurchased 9,999,615 shares of its common stock at an average price of $44.25 per share, for a total of $442.5 million.
CBOE Holdings CEO Edward T. Tilly says,
“Consistent with our commitment of returning capital to our shareholders, we are pleased to issue a 23rd consecutive quarterly dividend and to increase our share repurchase authorization by an additional $100 million. Our business continues to generate strong operating cash flow, enabling us to invest in the continued growth of our business, while also returning capital to shareholders.”
You can view the announcement by clicking here.