CHICAGO, July 29, 2015 /PRNewswire/ -- CBOE Holdings, Inc. (NASDAQ: CBOE) announced today that its Board of Directors has approved a 10-percent increase in the company's quarterly cash dividend, to $0.23 from $0.21 per share of common stock. The change will be effective with the third-quarter dividend and payable on September 18, 2015, to stockholders of record at the close of business on September 4, 2015.
"The quarterly dividend increase reflects our long-term commitment to enhancing shareholder value," said CBOE Holdings Chief Executive Officer Edward T. Tilly, noting that CBOE has increased its dividend every year since 2010. "We continue to invest in strategic growth opportunities, while our strong cash flow allows us to return capital to shareholders."
In May 2015, CBOE Holdings' Board increased its share repurchase authorization by $100 million of its outstanding common stock. The Board has authorized a total of $500 million for stock repurchases since 2011.
About CBOE Holdings, Inc.: CBOE 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, Weeklys 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.
CBOE®, Chicago Board Options Exchange®, CFE®, Execute Success®, FLEX®, LEAPS®, CBOE Volatility Index® and VIX® are registered trademarks, and BuyWriteSM, CBOE Futures ExchangeSM, BXMSM, WeeklysSM and The Options InstituteSM are service marks of Chicago Board Options Exchange, Incorporated (CBOE). Standard & Poor's®, S&P® and S&P 500® are registered trademarks of Standard & Poor's Financial Services, LLC and have been licensed for use by CBOE, CFE and C2.
SOURCE CBOE Holdings, Inc.