Cboe Global Markets Announces Increase in Share Repurchase Authorization; Declares Increased Third-Quarter 2024 Dividend
Cboe Global Markets (CBOE) has announced a $500 million increase in its share repurchase authorization and declared an increased quarterly cash dividend of $0.63 per share for Q3 2024. This represents a 15% increase from the previous quarter's dividend of $0.55 per share. The dividend is payable on September 13, 2024, to stockholders of record as of August 30, 2024.
As of July 31, 2024, Cboe had $179.8 million remaining under existing repurchase authorizations. The company's CEO, Fred Tomczyk, stated that these actions reflect confidence in Cboe's global business performance and disciplined capital allocation. The repurchase program has no expiration date and allows for various methods of share repurchases, with timing and extent dependent on market conditions and other factors.
Cboe Global Markets (CBOE) ha annunciato un aumento di $500 milioni nella sua autorizzazione per il riacquisto di azioni e ha dichiarato un aumento del dividendo trimestrale in contante a $0.63 per azione per il terzo trimestre del 2024. Questo rappresenta un incremento del 15% rispetto al dividendo del trimestre precedente di $0.55 per azione. Il dividendo sarà pagabile il 13 settembre 2024, agli azionisti registrati al 30 agosto 2024.
Al 31 luglio 2024, Cboe aveva $179.8 milioni rimasti sotto le autorizzazioni di riacquisto esistenti. Il CEO dell'azienda, Fred Tomczyk, ha dichiarato che queste azioni riflettono la fiducia nelle performance commerciali globali di Cboe e in un'allocazione del capitale disciplinata. Il programma di riacquisto non ha una data di scadenza e consente vari metodi di riacquisto delle azioni, il cui timing e ampiezza dipendono dalle condizioni di mercato e da altri fattori.
Cboe Global Markets (CBOE) ha anunciado un aumento de $500 millones en su autorización de recompra de acciones y declaró un dividendo en efectivo trimestral incrementado de $0.63 por acción para el tercer trimestre de 2024. Esto representa un aumento del 15% con respecto al dividendo del trimestre anterior de $0.55 por acción. El dividendo se pagará el 13 de septiembre de 2024, a los accionistas registrados hasta el 30 de agosto de 2024.
Hasta el 31 de julio de 2024, Cboe tenía $179.8 millones restantes bajo las autorizaciones de recompra existentes. El CEO de la compañía, Fred Tomczyk, afirmó que estas acciones reflejan la confianza en el rendimiento empresarial global de Cboe y en una asignación de capital disciplinada. El programa de recompra no tiene fecha de vencimiento y permite diversos métodos de recompra de acciones, con el tiempo y la magnitud dependientes de las condiciones del mercado y otros factores.
Cboe Global Markets (CBOE)는 자사 주식 매입 승인 금액을 $500백만 증가시켰다고 발표했으며, 2024년 3분기 주당 $0.63의 분기 현금 배당금을 인상했다고 밝혔다. 이는 지난 분기 주당 $0.55의 배당금에 비해 15% 증가한 수치이다. 배당금은 2024년 9월 13일에 지급되며, 기록된 주주들은 2024년 8월 30일 기준이다.
2024년 7월 31일 현재, Cboe는 기존 매입 승인 하에 $179.8백만이 남아있었다. 회사의 CEO인 Fred Tomczyk은 이러한 조치가 Cboe의 글로벌 비즈니스 성과와 자본 할당의 엄격한 기준에 대한 신뢰를 반영한다고 밝혔다. 매입 프로그램은 만료일이 없으며 주식 매입 방법에는 다양한 방식이 허용되며 그 시기와 범위는 시장 조건 및 기타 요인에 따라 달라진다.
Cboe Global Markets (CBOE) a annoncé une augmentation de 500 millions de dollars de son autorisation de rachat d'actions et a déclaré un dividende trimestriel en espèces augmenté à 0,63 $ par action pour le troisième trimestre 2024. Cela représente une augmentation de 15% par rapport au dividende du trimestre précédent de 0,55 $ par action. Le dividende sera payable le 13 septembre 2024, aux actionnaires enregistrés au 30 août 2024.
Au 31 juillet 2024, Cboe avait 179,8 millions de dollars restants sous les autorisations de rachat existantes. Le PDG de l'entreprise, Fred Tomczyk, a déclaré que ces actions reflètent la confiance dans les performances commerciales mondiales de Cboe et une allocation de capital disciplinée. Le programme de rachat n'a pas de date d'expiration et permet diverses méthodes de rachat d'actions, le moment et l'étendue dépendant des conditions du marché et d'autres facteurs.
Cboe Global Markets (CBOE) hat eine Erhöhung seines Aktienrückkaufprogramms um 500 Millionen Dollar bekannt gegeben und eine Erhöhung der vierteljährlichen Bardividende auf 0,63 Dollar pro Aktie für das 3. Quartal 2024 erklärt. Dies stellt eine 15%ige Erhöhung im Vergleich zur Dividende von 0,55 Dollar pro Aktie im vorangegangenen Quartal dar. Die Dividende ist am 13. September 2024 fällig und wird an die Aktionäre gezahlt, die am 30. August 2024 registriert sind.
Am 31. Juli 2024 hatte Cboe verbleibende 179,8 Millionen Dollar aus bestehenden Rückkaufgenehmigungen. Der CEO des Unternehmens, Fred Tomczyk, erklärte, dass diese Maßnahmen das Vertrauen in die globale Geschäftsentwicklung von Cboe und die disziplinierte Kapitalzuweisung widerspiegeln. Das Rückkaufprogramm hat kein Ablaufdatum und erlaubt verschiedene Methoden des Aktienrückkaufs, wobei der Zeitpunkt und das Ausmaß von den Marktbedingungen und anderen Faktoren abhängen.
- Increased share repurchase authorization by $500 million
- 15% increase in quarterly dividend to $0.63 per share
- 14th consecutive year of dividend increases
- Strong balance sheet position
- Confidence in global business performance
- None.
Insights
Cboe's announcement signals strong financial health and shareholder-friendly policies. The $500 million increase in share repurchase authorization, coupled with a
The expanded buyback program, now totaling
Investors should note that while these actions are positive, they should be balanced against the company's ability to invest in growth initiatives and maintain financial stability in varying market conditions.
Cboe's aggressive capital return strategy reflects confidence in its market position as the world's leading derivatives and securities exchange network. The move comes amidst a competitive landscape where exchanges are vying for market share and technological edge.
The increased dividend yield may enhance Cboe's attractiveness to income-focused investors, potentially broadening its shareholder base. Meanwhile, the flexible share repurchase program can act as a stabilizing force during market volatility, signaling management's belief that the stock may be undervalued.
However, investors should consider the broader market context. As interest rates rise, dividend stocks might face pressure. Additionally, the exchange industry is evolving rapidly with blockchain and crypto assets emerging as potential disruptors. Cboe's ability to balance shareholder returns with investments in these areas will be important for long-term success.
- Increases share repurchase authorization by
$500 million - Increased quarterly cash dividend to
$0.63 - 14th consecutive year Cboe has increased its dividend
The increased third-quarter 2024 dividend, representing a 15 percent increase from the prior quarter's dividend of
As of July 31, 2024, the Company had
"The share repurchase authorization increase and increased quarterly dividend are testaments to management and the Board of Directors' confidence in the performance of Cboe's global business lines and adherence to a disciplined capital allocation program. Cboe's balance sheet is strong and has us well-positioned to continue investing in the long-term growth of our business while also returning capital to our shareholders," said Fred Tomczyk, Chief Executive Officer of Cboe Global Markets.
The share repurchase program has no expiration date. The repurchase program permits the company to purchase shares through a variety of methods, including in the open market or through privately negotiated transactions, in accordance with applicable securities laws. It does not obligate the company to make any repurchases at any specific time or situation. The timing and extent to which the company repurchases its shares will depend upon, among other things, market conditions, share price, liquidity targets, regulatory requirements and other factors. Share repurchases may be commenced or suspended at any time or from time to time without prior notice.
About Cboe Global Markets, Inc.
Cboe Global Markets (Cboe: CBOE), the world's leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX across
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SOURCE Cboe Global Markets, Inc.
FAQ
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