This is the first dividend paid out by NASDAQ to its common shareholders in the company’s history. If you annualize the $0.13 as static per quarter, the yield comes to 2% for shareholders based upon the $25.33 price. The rival NYSE Euronext, Inc. (NYSE: NYX) has a much higher dividend yield of about 4.5% and it has paid out a dividend since June of 2007.
Today’s dividend news is long overdue. We have listed this exchange as a dividend sinner before and Raymond James noted the call for a dividend as recently as February. If you look at the CME Group Inc. (NASDAQ: CME) it has been public far less time than NASDAQ and it has been paying a dividend since back in 2003. CME Group even went as far as declaring a special dividend earlier this year on top of its regular common dividend.
CBOE Holdings, Inc. (NASDAQ: CBOE) has been public for less than two years and it has been paying a dividend since late in 2010. The leader in options trading has a dividend yield of about 1.8% and that dividend is likely to be raised in the next quarter or two.
IntercontinentalExchange, Inc. (NYSE: ICE) is now the last of the public U.S. securities exchanges which does not have a dividend yield. Today’s dividend news by NASDAQ is long overdue.
JON C. OGG
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