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- Increases share repurchase authorization by $250 Million
- Quarterly cash dividend of $0.55 per share
Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced its Board of Directors has authorized the company to repurchase up to an additional $250 million of its outstanding common stock and declared a quarterly cash dividend of $0.55 per share of common stock for the fourth quarter of 2023.
The fourth-quarter 2023 dividend is payable on December 15, 2023 to stockholders of record as of November 30, 2023.
As of June 30, 2023, the company had approximately $139.8 million of availability remaining under its existing share repurchase authorizations.
"Today's share repurchase authorization and dividend announcement underscores Cboe's commitment to creating long-term shareholder value through a variety of attractive capital allocation strategies," said Fred Tomczyk, Chief Executive Officer of Cboe Global Markets. "The Board of Directors remains confident in the company's ability to continue executing on our global strategy, while maintaining a flexible balance sheet and strong cash flow generation capabilities that position Cboe well into 2024 and beyond."
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.
