TORONTO, Nov. 3, 2016 /PRNewswire/ - The Board of Directors of TMX Group Limited declared a dividend of $0.45 on each common share outstanding, a 12.5% increase from the previous $0.40 per common share. This dividend is payable on December 2, 2016 to shareholders of record at the close of business on November 18, 2016.
"Today we are announcing the first dividend increase for TMX Group Limited following the leveraged buy-out, or Maple transaction, in 2012," said Lou Eccleston, Chief Executive Officer, TMX Group. "Our disciplined approach to debt reduction, intelligent business investment strategy and commitment to growth have enabled us to increase returns to our dedicated shareholder base. We have repaid over $500 million in debt and returned TMX to profitable growth. As we continue on our strategic path, we remain focused on delivering consistent increasing value to our shareholders."
TMX Group hereby advises that this dividend is designated as an "eligible dividend" for Canadian income tax purposes.
For the results of the quarter ended September 30, 2016 for TMX Group, please click on the following link: http://www.tmx.com/investor-relations/
About TMX Group (TSX-X)
TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, NGX, Shorcan, Shorcan Energy Brokers, AgriClear and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montréal, Calgary and Vancouver), in key U.S. markets (New York and Houston) as well as in London, Beijing, Singapore and Sydney. For more information about TMX Group, visit our website at http://www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.
SOURCE Toronto Stock Exchange