Cboe Global Markets expands its share repurchase authorization

Maria Nikolova

Cboe’s Board of Directors has increased its share repurchase authorization by $250 million.

Cboe Global Markets, one of the world’s leading exchange holding companies, has announced that its Board of Directors has increased its share repurchase authorization by $250 million.

According to the company, the amplified share repurchase authorization underscores its confidence in its future cash flow generation. With this increase, the company had approximately $313 million of availability remaining under its share repurchase program as of October 30, 2019. Year-to-date through October 30, 2019, the company has repurchased 1.3 million shares, for a total of approximately $142 million.

The share repurchase program is without an 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. The program does not obligate the corporation to make any repurchases at any specific time or situation. The timing and extent to which the company repurchases its shares will depend upon, inter alia, market conditions, share price, liquidity targets, regulatory requirements and other factors. Share repurchases may be started or suspended at any time or from time to time without prior notice.

The company has also declared a quarterly cash dividend of $0.36 per share of common stock for the third quarter of 2019. The dividend is payable on December 13, 2019, to stockholders of record as of November 27, 2019.

Ed Tilly, Cboe Global Markets Chairman, President and Chief Executive Officer, commented:

“We are pleased to return capital to our shareholders through both annual increases of our dividend payments and disciplined share repurchases. This additional share repurchase authorization demonstrates the board’s commitment to and confidence in Cboe’s ability to continue to create shareholder value as we execute on our strategic growth initiatives.”

Read this next

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: British Pound (GBP) Weakness, US Inflation, Euro, USD June 14 ,2024

British Pound weakens due to lower inflation expectations, potential policy changes from Reform Party, and broader economic concerns.


Q2 2024’s Top 5 Cryptos to Buy: BlockDAG, Pepe, Toncoin, Solana and Render

Learn about 2024’s Q2 top 5 cryptos. Explore potential high-return and advancements of altcoins like BlockDAG, Pepe, Toncoin, Solana, and Render.

Fundamental Analysis, Tech and Fundamental, Technical Analysis

GBPCAD Technical Analysis Report 14 June, 2024

GBPCAD currency pair can be expected to fall further toward the next support level 1.7250, former strong resistance from last year.

Digital Assets

Binance acquitted of tax evasion in Nigeria, now faces AML charges

Nigeria has dropped tax evasion charges against two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, after the world’s largest cryptocurrency exchange appointed a local representative to handle court processes related to the allegations.

Digital Assets

Trezor launches new hardware wallet ‘Safe 5’ with fresh security features

Crypto hardware wallet manufacturer Trezor announced on Friday the launch of its latest flagship product, the Trezor Safe 5, featuring upgraded security to promote self-custody of digital assets.

Institutional FX

Tradeweb enhances RFQ trading in bonds and ETFs

“Clients can now leverage predictive analytics and data to unveil deeper insights at the list level, providing them with an unparalleled level of precision throughout every point of the RFQ trading process.”

Industry News

US repatriates $1.4B misappropriated 1MDB funds to Malaysia

1MDB was created to promote economic development in Malaysia, but instead it went to Hollywood, a superyacht, a Monet and Van Gogh, as part of a $4.5 billion money laundering scheme.

Crypto Insider, Web3

What’s New in Web3 in 2024

Is Web3 really the future of the internet? It certainly seems so. In 2024, the momentum behind decentralized technologies, blockchain, and token-based economies will be stronger than ever.


Stage Raises $2.4M to Revolutionize the Future of Music

Stage, with it’s $STAGE token that is set to launch soon on the BNB Chain, launches a platform where music fans directly influence the rise of new stars and get rewarded for it.