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

CME Group Inc. (NASDAQ:CME) declared a quarterly dividend on Thursday, May 7th. Shareholders of record on Tuesday, June 9th will be given a dividend of 1.30 per share by the financial services provider on Thursday, June 25th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, June 9th.

CME Group has decreased its dividend by an average of 0.0%annually over the last three years. CME Group has a dividend payout ratio of 44.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect CME Group to earn $12.76 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 40.8%.

CME Group Price Performance

Shares of CME Group stock traded down $1.49 during trading on Thursday, reaching $286.85. 2,363,997 shares of the stock traded hands, compared to its average volume of 2,291,190. CME Group has a 52-week low of $257.17 and a 52-week high of $329.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 1.02. The business has a fifty day simple moving average of $302.15 and a two-hundred day simple moving average of $287.14. The company has a market capitalization of $103.94 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 3.47 and a beta of 0.23.

CME Group (NASDAQ:CME) last posted its earnings results on Wednesday, April 22nd. The financial services provider reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $3.11 by $0.25. CME Group had a return on equity of 15.42% and a net margin of 63.19%.The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the business earned $2.80 earnings per share. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. Sell-side analysts expect that CME Group will post 12.26 EPS for the current year.

About CME Group

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.