CME Group Inc (NASDAQ:CME) declared a quarterly dividend on Wednesday, November 7th, Zacks reports. Investors of record on Monday, December 10th will be given a dividend of 0.70 per share by the financial services provider on Thursday, December 27th. This represents a $2.80 annualized dividend and a yield of 1.49%. The ex-dividend date is Friday, December 7th.

CME Group has increased its dividend by an average of 12.0% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. CME Group has a payout ratio of 42.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CME Group to earn $7.24 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 38.7%.

CME opened at $188.20 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.09. CME Group has a 1 year low of $143.68 and a 1 year high of $197.08. The company has a market cap of $63.96 billion, a P/E ratio of 39.45, a P/E/G ratio of 2.19 and a beta of 0.46.

CME Group (NASDAQ:CME) last posted its quarterly earnings results on Thursday, October 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.03. CME Group had a return on equity of 9.18% and a net margin of 113.67%. The business had revenue of $904.20 million for the quarter, compared to analyst estimates of $910.50 million. Research analysts forecast that CME Group will post 6.65 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on CME shares. Jefferies Financial Group reiterated a “buy” rating and issued a $190.00 price objective on shares of CME Group in a research report on Wednesday, September 5th. UBS Group lowered CME Group from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $185.00 to $204.00 in a research report on Wednesday, November 28th. Zacks Investment Research lowered CME Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 22nd. Deutsche Bank reiterated a “buy” rating and issued a $192.00 price objective (up from $185.00) on shares of CME Group in a research report on Thursday, October 11th. Finally, Bank of America reiterated a “buy” rating and issued a $200.00 price objective on shares of CME Group in a research report on Monday, November 5th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. CME Group has an average rating of “Buy” and an average price target of $194.13.

In other news, insider Julie Winkler sold 5,847 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $195.01, for a total value of $1,140,223.47. Following the completion of the transaction, the insider now owns 24,255 shares in the company, valued at approximately $4,729,967.55. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Terrence A. Duffy sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $188.80, for a total value of $1,888,000.00. Following the completion of the transaction, the chairman now owns 95,652 shares of the company’s stock, valued at approximately $18,059,097.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,800 shares of company stock valued at $5,628,462. 0.43% of the stock is currently owned by company insiders.

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CME Group Company Profile

CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals.

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Dividend History for CME Group (NASDAQ:CME)

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