CBOE Holdings (CBOE) Raises Quarterly Dividend 16.7% to $0.21; $100M Stock Buyback

CBOE Holdings (NASDAQ: CBOE) declared a quarterly dividend of $0.21 per share, or $0.84 annualized. This is a 16.7% increase from the prior dividend of $0.18. The dividend will be payable on September 19, 2014, to stockholders of record on August 29, 2014, with an ex-dividend date of August 27, 2014. The annual yield on the dividend is 1.7 percent.

The company's Board of Directors also authorized the company to repurchase an additional $100 million of its outstanding common stock. This is in addition to any unused amount remaining under prior authorizations, under which approximately $50 million remained available as of July 30, 2014. The new authorization brings the total amount available for stock repurchases to approximately $150 million as of July 30, 2014. The company had approximately 85.2 million shares of common stock outstanding at July 30, 2014.

"Consistent with our commitment of returning capital to our stockholders, we are pleased to increase our quarterly cash dividend and stock repurchase authorization," said CBOE Holdings Chief Executive Officer Edward T. Tilly. "Our business continues to generate strong operating cash flow, enabling us to continue to invest in our strategic growth opportunities, while also returning capital to stockholders."

For a dividend history and other dividend-related data on CBOE Holdings (CBOE) click here.

You May Also Be Interested In

• Winnebago Industries (WGO) Raises Quarterly Dividend 2.9% to $0.36; 4.4% Yield
• Quest Diagnostics (DGX) Declares $0.86 Quarterly Dividend; 1.4% Yield
• Vishay Intertechnology (VSH) Declares $0.10 Quarterly Dividend; 1.2% Yield