IntercontinentalExchange announces 20% increase to quarterly dividend to 24c
Intercontinental Exchange announced board authorization of its first quarter 2018 dividend of 24c per share, up 20% from its previous 20c per share quarterly dividend in 2017. "We remain committed to balanced capital allocation that delivers long-term shareholder value, including growing our capital return as we grow," said ICE CFO, Scott Hill. "We delivered another year of record revenue, record earnings and strong cash flow generation, which has allowed us to grow our annualized dividend over 15% on average since its inception." The first quarter cash dividend is payable on March 29, 2018 to stockholders of record as of March 15, 2018. The ex-dividend date is March 14, 2018. ICE expects the annual total dividend for 2018 to be 96c per share, for an aggregate payout of approximately $560M, and the expected record and payable dates for the balance of the year are expected to be as noted below, subject to board authorization.