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July 30, 2013 /PRNewswire/ -- CBOE Holdings, Inc. (NASDAQ: CBOE) today announced that its Board of Directors has raised the company's quarterly dividend to
$0.18 per share from
$0.15 per share, an increase of 20 percent.
The dividend increase is effective with the third quarter dividend, payable on
September 20, 2013, to stockholders of record at the close of business on
August 30, 2013.
"We are pleased to announce a 20-percent increase in CBOE Holdings' cash dividend. This is the third consecutive year in which we increased our dividend since our IPO in 2010, highlighting our company's solid financial position and our ability to consistently deliver long-term stockholder value," said CBOE Holdings CEO
Edward T. Tilly. "Our strong balance sheet and positive cash flow enable us to continue to pursue strategic growth initiatives and to return excess cash to stockholders."
Forward-Looking StatementsCertain information contained in this news release may constitute forward-looking statements, such as statements relating to projected amount of repurchased stock. We wish to caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date made.
About CBOE HoldingsCBOE Holdings, Inc. (NASDAQ: CBOE) is the holding company for
Chicago Board Options Exchange (CBOE), the CBOE Futures Exchange (CFE) and other subsidiaries. CBOE, the largest U.S. options exchange and creator of listed options, continues to set the bar for options and volatility trading through product innovation, trading technology and investor education. CBOE Holdings offers equity, index and ETP options, including proprietary products, such as S&P 500 options (SPX), the most active U.S. index option, and options and futures on the CBOE Volatility Index (the VIX Index). Other products engineered by CBOE include equity options, security index options, LEAPS options, FLEX options, and benchmark products such as the CBOE S&P BuyWrite Index (BXM). CBOE Holdings is home to the world-renowned Options Institute and
www.cboe.com, the go-to place for options and volatility trading resources.