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10 Stocks Taking Care of Investors: No. 4 CME Group (CME)
More News related to CME
- CME Group, KRX Announce After-hours Access to KOSPI 200 Futures on CME Globex
- CME Group Announces the Launch of Dow Jones-UBS Commodity Index Swap Futures
- CME Group (CME) Declares $1.15 Quarterly Dividend; 1.5% Yield
- CME Group Inc. Declares Quarterly Dividend
- CME Group Announces Substantial Completion of NYMEX Integration
These 10 stocks have been rewarding investors with share buybacks, strong dividends, sales/earnings and stock performance and are worthy cornerstones of any portfolio. You can track the entire series here.
Number 4: CME Group Inc. (NYSE: CME)
CME Group is a leading futures exchange powerhouse created from the 2007 merger of Chicago Mercantile Exchange Holdings and CBOT Holdings and the 2008 takeover of NYMEX Holdings. CME Group was the first U.S. financial exchange to become publicly traded in December 2002, when it was known as Chicago Mercantile Exchange Holdings. CME Group offer futures and options on futures based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, and alternative investment products such as weather and real estate. The combined volume of CME, CBOT and NYMEX in 2008 was approximately 3.0 billion contracts.
Shares Buybacks: CME currently has a $1.1 billion share buyback program, which was announced on June 23, 2008. During the first quarter of 2009 the company suspended purchasing shares in the near-term and is focused on paying down debt, although the buyback authorization remains in place. In 2007, CME tendered approximately 1,646,450 shares for a total cost of approximately $922 million.
Dividends: CME currently pays a quarterly dividend of $1.15 per share, which yields a modest 1.3%. In 2008, CME also declared and paid a special $5 per share dividend to shareholders. The quarterly dividend for CME has been increased from $0.14/share in 2003 - that's a 8 fold increase! CME has raised its dividend 6 times since coming public in late 2002.
Revenue/Profit: CME has grown its total revenues from $721.6 million in 2004 to $2.56 billion in 2008. Net income in that time has more than tripled from $220 to $716 million. EPS in that time is up over 9-fold from $1.04 to $9.60. In its latest quarter, CME reported Q1 EPS of $3.20 per share. For the year, CME is expected to report EPS of about $13.41.
Stock Performance: Shares of CME are up 59% YTD, versus a 1% rise in the S&P 500. Over the last year, shares of CME are down 21% versus the 33% slide in the S&P 500. Over a 5-year period, shares of CME are up 160%, versus a 20% slide in the S&P 500.
With billions in past share repurchases, an ever increasing dividend payout, explosive revenue/earnings growth, and significant market-beating stock performance, CME is "taking care of investors."
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