Intercontinental Exchange (ICE) Declares $0.20 Quarterly Dividend, 1.2% Yield; Announces New $1.2B Share Buyback Authorization
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Intercontinental Exchange Announces Board Approval of New $1.2 Billion Repurchase Authorization and Fourth Quarter 2017 Dividend of $0.20 Per Share
November 2, 2017 8:04 AM EDTATLANTA & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced its Board of Directors has authorized a new share repurchase program and its quarterly dividend of $0.20.
The new $1.2 billion authorization, effective January 1, 2018, represents a twenty percent increase from the company's previous repurchase authorization of $1 billion which it expects to exhaust by the end of 2017. Through October 31, 2017, ICE has repurchased $792 million of its common stock at an average price of $62.39.
ICEs fourth quarter 2017 dividend is payable on... More
