Business
CME Group Declares Annual Variable Dividend
CHICAGO, Dec. 7, 2023 /PRNewswire/ -- CME Group Inc., the world's leading derivatives marketplace, today declared its annual variable dividend, amounting to
About this update from Cme Group Inc.
[{"type":"text","content":"CHICAGO, Dec. 7, 2023 /PRNewswire/ -- CME Group Inc., the world's leading derivatives marketplace, today declared its annual variable dividend, amounting to $5.25 per share. The dividend is payable January 18, 2024, to shareholders of record on December 28, 2023.\n\nThe annual variable dividend of $5.25 per share to be paid in January 2024 totals approximately $1.9 billion. Including today's announced variable dividend and the previously announced fourth-quarter 2023 dividend of $1.10 per share to be paid in December, the total dividend yield for dividends announced during 2023 is 5.0% based on the average closing stock price in 2023 to date. The company will have paid a total of more than $24 billion in quarterly and variable dividends since adopting the annual variable dividend structure in the beginning of 2012. \nWhen CME Group adopted its annual variable dividend structure in February 2012, the intention was to determine the excess cash available at the end of each year, with the level to increase or decrease from year to year based on operating results, potential investment activity and other forms of capital return.\nAbout CME Group \nAs the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.\nCME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Gr...