NASDAQ OMX Group (NDAQ) Raises Quarterly Dividend 66.7% to $0.25; 2% Yield

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Nasdaq Announces 67% Increase in Quarterly Dividend to $0.25 Per Share

April 23, 2015 7:01 AM EDT

NEW YORK, April 23, 2015 (GLOBE NEWSWIRE) -- The Board of Directors of The NASDAQ OMX Group, Inc. (Nasdaq: NDAQ) has declared a regular quarterly dividend of $0.25 per share on the company's outstanding common stock, an increase of 67% from the prior $0.15 per share quarterly dividend.

The dividend is payable on June 26, 2015, to shareowners of record at the close of business on June 12, 2015.

Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

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Nasdaq Reports Strong First Quarter 2015 Financial Results

April 23, 2015 7:01 AM EDT

First quarter 2015 non-GAAP diluted EPS of $0.80, the company's second-highest non-GAAP: operating income, net income and diluted EPS. First quarter 2015 GAAP diluted EPS was $0.05. The Board has authorized a 67% increase in the quarterly dividend, to $0.25 per share from $0.15. First quarter 2015 net revenues1 were $507 million, down 4% year-over-year. On an organic basis, excluding the impact of foreign exchange rates and acquisitions, non-trading segment organic growth was 3%. A restructuring effort eliminated $17-$19 million in annualized expenses. The company will incur related charges of $63 million, of which $31 million was realized in the first quarter of 2015. In addition, restructuring charges... More