ATLANTA & 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.
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
View source version on businesswire.com: http://www.businesswire.com/news/home/20170207005783/en/
ICE Media and Investor Contact:
Kelly Loeffler +1 770 857 4726
Source: Intercontinental Exchange