Nasdaq Boosts Dividend for First Time After Using Cash for DealsJoseph Ciolli
Nasdaq OMX Group Inc., the exchange operator that started paying a dividend two years ago, increased the payout for the first time.
Nasdaq declared a 15-cent quarterly dividend payable on June 27, boosting the amount from 13 cents, according to a statement today.
The New York-based company is giving more money to shareholders after spending $1.12 billion of cash for acquisitions in 2013. Nasdaq’s stock surged 59 percent last year as net income rose 9.4 percent and the company bought Treasuries trading system ESpeed and Thomson Reuters Corp.’s investor-relations business.