ATLANTAÂ &Â NEW YORK--(BUSINESS WIRE)--
Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced board authorization of its first quarter 2017 dividend of $0.20 per share, up 18% from its $0.17 per share quarterly dividend in 2016. This reflects the third consecutive double-digit increase in the dividend since it was first instituted in December 2013.
“As a growth company, we continue to focus on investing prudently to drive long-term shareholder value, including meaningful capital return to our shareholders,” said ICE Chairman & CEO Jeffrey C. Sprecher. “As we continue to grow earnings and cash flow, we are also delivering consistent dividend growth, and had $950 million remaining on our Board authorized share repurchase program at the beginning of the year.”
The first quarter dividend is payable on March 31, 2017 to shareholders of record as of March 16, 2017. The ex-dividend date is March 14, 2017. During the year ended December 31, 2016, ICE paid total dividends of $0.68 per share of common stock (adjusted to reflect a five for one stock split in November 2016), for an aggregate payout of approximately $409 million.
ICE expects the annual total dividend for 2017 to be $0.80 per share, for an aggregate payout of $475 million, and the expected record and payable dates for the balance of the year are expected to be as noted below, subject to board authorization.
|
Record Date |
Payable Date |
||||||||||||
| March 16, 2017 | March 31, 2017 | ||||||||||||
| June 16, 2017 | June 30, 2017 | ||||||||||||
| Sept. 15, 2017 | Sept. 29, 2017 | ||||||||||||
| Dec. 14, 2017 | Dec. 29, 2017 | ||||||||||||
About Intercontinental Exchange
Intercontinental Exchange (NYSE:ICE) operates the leading network of global futures, equity and equity options exchanges, as well as global clearing and data services across financial and commodity markets. The New York Stock Exchange is the world leader in capital raising, listings and equities trading.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange, Interactive Data and Trayport. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2016, as filed with the SEC on February 7, 2017.
SOURCE: Intercontinental Exchange
ICE-CORP
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