Intercontinental Exchange (ICE) Declares $0.24 Quarterly Dividend, 1.3% Yield; Announces New $2B Share Buyback Authorization
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Intercontinental Exchange Announces Board Approval of New $2.0 Billion Repurchase Authorization and Fourth Quarter 2018 Dividend of $0.24 Per Share
October 31, 2018 7:35 AM EDTATLANTA & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced its Board of Directors has authorized a new share repurchase program and its quarterly dividend of $0.24.
Through September 30, 2018, ICE has repurchased nearly $1.1 billion of its common stock at an average price of $73.54 and it expects to exhaust the remaining $141 million of its current $1.2 billion authorization during the fourth quarter 2018. The new $2.0 billion authorization for share repurchases is effective January 1, 2019 with no end date.
ICEs fourth quarter... More
