CBOE Holdings declares special dividend
CBOE Holdings’ board of directors has declared a special cash dividend of USD0.50 per share of common stock, which will be paid on 17 January 2014 to stockholders of record at the close of business on 3 January.
The company’s board of directors also authorised the company to repurchase an additional USD100m of its outstanding common stock, to be used in addition to any unused amount remaining under prior authorisations.
The new authorisation brings the total amount available for stock repurchases to approximately USD167m at 9 December 2013.
The company had approximately 87 million shares of common stock outstanding at 9 December 2013.
“We are pleased to return capital to stockholders through a special dividend and an increased share repurchase authorization. Both actions reflect our continued commitment to create value for stockholders and the Board’s confidence in our ability to generate cash while retaining the financial flexibility to support our plans for future growth,” says Edward T Tilly, CBOE Holdings chief executive.
The repurchase programme 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.
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