Cboe Global Markets stock gains on $550M buyback boost
Investing.com -- Cboe Global Markets Inc (NYSE: CBOE) shares rose 3% in premarket trading Friday after the company increased its share repurchase authorization by $550 million and declared a quarterly dividend.
As of June 30, 2026, Cboe had $536.8 million remaining under its existing share repurchase authorizations. The new $550 million authorization brings total buyback capacity to over $1 billion.
Additionally, the exchange operator announced a fourth-quarter 2026 dividend of $0.86 per share, payable on December 15, 2026, to stockholders of record as of November 30, 2026.
The share repurchase program has no expiration date and permits the company to purchase shares through various methods, including open market transactions, established trading plans, or privately negotiated transactions. The company is not obligated to make repurchases at any specific time, and the timing will depend on market conditions, share price, liquidity targets, regulatory requirements and other factors.
"Cboe’s strong cash flow and robust balance sheet give us the flexibility to continue investing in our growth priorities while returning capital to shareholders," said Craig Donohue, Chief Executive Officer of Cboe Global Markets.
Cboe operates derivatives, equities, and foreign exchange markets globally.