CBOE Holdings Declares First-Quarter 2016 Dividend; Announces Increase in Share Repurchase Authorization
The quarterly cash dividend of
Additionally, CBOE Holdings' Board of Directors has also authorized the company to repurchase up to an additional
This increased share repurchase authorization will be added to the approximately
Since the inception of its share repurchase program in 2011 through December 31, 2015, the company has repurchased 9,999,615 shares of its common stock at an average price of
"Consistent with our commitment of returning capital to our shareholders, we are pleased to issue a 23rd consecutive quarterly dividend and to increase our share repurchase authorization by an additional
The share repurchase program has no expiration date. The repurchase program permits the company to purchase shares through a variety of methods, including in the open market or through privately negotiated transactions, in accordance with applicable securities laws. It does not obligate the corporation to make any repurchases at any specific time or situation. The timing and extent to which the company repurchases its shares will depend upon, among other things, market conditions, share price, liquidity targets, regulatory requirements and other factors. Share repurchases may be commenced or suspended at any time or from time to time without prior notice.
Certain information contained in this news release may constitute forward-looking statements. We caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date made, and are subject to a number of risks and uncertainties.