CME Group Declares New Dividend; Yield Is Nearly 2%
Securities exchange operator CME Group (NASDAQ: CME) is spreading a few of its coins around. On Wednesday, the company declared that its next quarterly dividend will be $0.85 per share, to be handed out on June 25 to stockholders of record as of June 10. That's the same amount as the company's last payout.
At the most recent closing share price, this distribution yields just under 2%. The company is a steady and reliable dividend payer, dispensing a regular quarterly payout that it usually raises at the beginning of every year. It also hands out "variable" dividends from time to time; the most recent of these hit investors' coffers in January, and amounted to a relatively generous $2.50 per share.
Image source: Getty Images.
Source Fool.com
