CME Group Inc. (NASDAQ:CME) to Issue Quarterly Dividend of $1.30

Key Points

• CME Group declared a quarterly dividend of $1.30 per share, payable September 25 to shareholders of record as of September 9, representing a 2.0% annualized yield.
• The dividend appears well covered, with a current payout ratio of 44.8%; analysts expect a future payout ratio of about 40.5% based on projected earnings.
• CME Group exceeded quarterly earnings expectations, reporting $2.99 in EPS versus the $2.91 consensus and revenue of $1.71 billion versus estimates of $1.68 billion.

CME Group Inc. (NASDAQ:CME - Get Free Report) declared a quarterly dividend on Thursday, August 6th. Investors of record on Wednesday, September 9th will be given a dividend of 1.30 per share by the financial services provider on Friday, September 25th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, September 9th.

CME Group has decreased its dividend by an average of 0.0%per year over the last three years. CME Group has a payout ratio of 44.8% meaning its dividend is sufficiently covered by earnings. Analysts expect CME Group to earn $12.83 per share next year, which means the company should continue to be able to cover its $5.20 annual dividend with an expected future payout ratio of 40.5%.

CME Group Price Performance

Shares of NASDAQ:CME traded down $0.46 during midday trading on Thursday, hitting $264.32. The company's stock had a trading volume of 1,841,395 shares, compared to its average volume of 2,738,823. The company has a market cap of $95.04 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 3.06 and a beta of 0.23. The business's 50 day simple moving average is $249.70 and its 200 day simple moving average is $281.01. CME Group has a 12-month low of $218.31 and a 12-month high of $329.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.02 and a current ratio of 1.02.

CME Group (NASDAQ:CME - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.91 by $0.08. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.68 billion. CME Group had a return on equity of 15.60% and a net margin of 63.30%.The business's revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.96 earnings per share. On average, analysts forecast that CME Group will post 12.27 EPS for the current year.

CME Group Company Profile

CME Group Inc is a global markets company that operates some of the world's largest and most liquid derivatives exchanges, including the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX) and COMEX. The firm offers futures and options contracts across a broad range of asset classes — including interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals — and serves a diverse client base of institutional investors, commercial hedgers, brokers and retail participants.

The company's core services include electronic trading on the CME Globex platform, central clearing through CME Clearing, and distribution of market data, indexes and analytics.

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