OREANDA-NEWS. February 19, 2016. CBOE Holdings, Inc. (NASDAQ: CBOE) announced today that its Board of Directors has declared a quarterly cash dividend of \\$0.23 per share and increased its share repurchase authorization by \\$100 million

The quarterly cash dividend of \\$0.23 per share of common stock will be payable on March 18, 2016, to common stockholders of record on March 4, 2016.

Additionally, CBOE Holdings' Board of Directors has also authorized the company to repurchase up to an additional \\$100 million of its outstanding common stock, effective immediately.

This increased share repurchase authorization will be added to the approximately \\$57.5 million of availability that was remaining under the company's existing share repurchase authorization through December 31, 2015.

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 \\$44.25 per share, for a total of \\$442.5 million

"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 \\$100 million," said CBOE Holdings CEO Edward T. Tilly.  "Our business continues to generate strong operating cash flow, enabling us to invest in the continued growth of our business, while also returning capital to shareholders."  

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.

Forward-Looking Statements:

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.