A dividend of 60 cents per share will be paid on June 28, 2002 to shareholders of record on June 17, 2002. CME Holdings had 28,887,562 Class A shares and 3,138 Class B shares outstanding as of March 31, 2002.
"Our decision to pay a one-time dividend recognizes our strong financial performance since demutualization, our solid cash position and the Board's desire to provide shareholders with a return on their shares, given the pre-IPO transfer restrictions that have been in place since demutualization," said Chairman Terry Duffy.
"Looking forward, the Board intends to execute dividend policy that is focused on investing future earnings in the operation and expansion of our business," said President and Chief Executive Officer Jim McNulty.
Chicago Mercantile Exchange Holdings Inc. is the parent company of Chicago Mercantile Exchange Inc. (www.cme.com), the largest futures exchange in the United States based on trading volume, open interest and notional value. As an international marketplace, CME brings together buyers and sellers on its trading floors and GLOBEX around-the-clock electronic trading platform. CME offers futures contracts and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. CME traded 411.7 million futures and options on futures contracts in 2001, with an underlying value of $293.9 trillion. The exchange moves about $1.6 billion per day in settlement payments and manages $27.4 billion in collateral deposits.
