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Article: Chicago Mercantile Exchange Holdings Inc. amends its dividend policy to increase its payout percentage.
- Article from:
- M2 Presswire
- Article date:
- September 4, 2003
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M2 PRESSWIRE-4 September 2003-Chicago Mercantile Exchange: Chicago Mercantile Exchange Holdings Inc. amends its dividend policy to increase its payout percentage(C)1994-2003 M2 COMMUNICATIONS LTD
RDATE:09032003
CHICAGO - Chicago Mercantile Exchange Holdings Inc. (NYSE: CME) today announced that its Board of Directors has altered the company's dividend policy. Beginning with the first dividend payment after Dec. 1, 2003, CME's annual dividend will be based on 30 percent of the prior year's cash earnings. Previously, the annual dividend target was approximately 20 percent of the prior year's cash earnings.
For the first three quarters of 2003, ...