CBOE Holdings Declares Special Cash Dividend Of $0.75 Per Share
CHICAGO, Dec. 11, 2012
CHICAGO, Dec. 11, 2012 /PRNewswire/ -- CBOE Holdings (NASDAQ: CBOE) today
announced that its Board of Directors has declared a special cash dividend of
$0.75 per share on its common stock. The dividend will be paid on December
28, 2012 to stockholders of record on December 21, 2012.
The special dividend is in addition to the Company's regular fourth-quarter
cash dividend of $0.15 per share that was declared on October 30, 2012. The
regular dividend will be paid on December 21, 2012 to stockholders of record
on November 30, 2012.
"We are pleased to be in a position to pay a special dividend, which reflects
our commitment to return excess cash to stockholders and the continued success
of our Company. Our Board believes that paying the special dividend at this
time represents a tax-efficient way to return value to stockholders given the
uncertainty regarding future tax rates on dividends," said William J. Brodsky,
CBOE Holdings Chairman and CEO.
"The company's solid, debt-free balance sheet and strong cash generation
allows us to pay the estimated $66.6 million of special dividends from cash on
hand while maintaining the flexibility to continue to invest in our business
and pursue dividend and share repurchase activities," Brodsky added.
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.
About CBOE Holdings:
CBOE Holdings, Inc. (NASDAQ: CBOE) is the holding company for Chicago Board
Options Exchange (CBOE), the CBOE Futures Exchange (CFE) and other
subsidiaries. CBOE, the largest U.S. options exchange and creator of listed
options, continues to set the bar for options and volatility trading through
product innovation, trading technology and investor education. CBOE Holdings
offers equity, index and ETF options, including proprietary products, such as
S&P 500 options (SPX), the most active U.S. index option, and options and
futures on the CBOE Volatility Index (the VIX Index). Other products
engineered by CBOE include equity options, security index options, LEAPS
options, FLEX options, and benchmark products such as the CBOE S&P 500
BuyWrite Index (BXM). CBOE Holdings is home to the world-renowned Options
Institute and www.cboe.com, the go-to place for options and volatility trading
resources. CBOE is regulated by the Securities and Exchange Commission (SEC),
with all trades cleared by the OCC.
CBOE^®, Chicago Board Options Exchange^®, CFE^®, FLEX^®, LEAPS^®, CBOE
Volatility Index^® and VIX^® are registered trademarks, and BuyWrite^SM,
BXM^SM, SPX^SM, CBOE Futures Exchange^SM and The Options Institute^SM are
service marks of Chicago Board Options Exchange, Incorporated (CBOE). Standard
& Poor's^®, S&P^® and S&P 500^® are registered trademarks of Standard & Poor's
Financial Services, LLC and have been licensed for use by CBOE.
SOURCE CBOE Holdings
Contact: Media - Gail Osten, +1-312-786-7123, email@example.com, or Gary Compton,
+1-312-786-7612, firstname.lastname@example.org; Analyst - Debbie Koopman, +1-312-786-7136,
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