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

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

Digital Assets

Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic

How This Californian Startup Is Revolutionizing Real Estate Investment through Ethereum-Based Tokenization.

Digital Assets

Sui Spikes in Weekly DEX Volume, Joins Top 10 of All Blockchains

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

Digital Assets

Prisma Finance suffers $10 million crypto exploit, attack ongoing

Liquid staking protocol Prisma Finance fell victim to a security exploit on March 28, resulting in nearly $10 million in Prisma mkUSD and wrapped stETH being stolen by hackers.

Digital Assets

Masa and LayerZero: Bridging Blockchains for Data Sovereignty

Masa Network is poised to revolutionize the personal data landscape with its upcoming launch as a cross-chain platform, making it accessible on a variety of blockchains right from the start.

Digital Assets

Big Time Generates over $100M in Revenue since Preseason

Innovative game developer Big Time Studios announces that its highly anticipated free-to-play multiplayer action/MMO RPG Big Time, has generated $100M in revenue. According to the team, players transacted a total volume of over $230M, without selling a single token.

<