CME Group Inc. Declares Annual Variable Dividend of $1.30 Per Share
CME Group Inc. (NASDAQ: CME) today declared its annual variable dividend, amounting to $1.30 per share. The dividend is payable December 28, 2012, to shareholders of record December 17, 2012. When CME Group adopted its annual variable dividend structure in February 2012, the intention was to determine the amount after the end of each year, with the level to increase or decrease from year to year based on operating results, potential investment activity, and other forms of capital return including regular dividends and share buybacks during the prior year. Because of uncertainty regarding future taxation of dividends, CME Group’s board of directors has accelerated the timing of this dividend – which would have been paid in first-quarter 2013 – into the fourth quarter of 2012 in order to maximize the after-tax value to its shareholders.
CME Group paid its first annual variable dividend in March 2012, in the amount of $0.60 per share on a post-split basis.
The accelerated annual variable dividend is supplemental to the regular quarterly dividend of $0.45 per share payable December 26, 2012, to shareholders of record December 10, 2012. In total during calendar year 2012, considering four quarterly dividends and two variable annual dividends, the company will have returned $3.69 per share to shareholders.
As the world’s leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world’s leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the property of their respective owners. Further information about CME Group (NASDAQ: CME) and its products can be found at www.cmegroup.com.