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Stock Split Confirmed in Chicago at CME
Posted: 05/29/12
By: tomgrisafi
Shortly before the start of the Memorial Day weekend, CME Group declared a second-quarter dividend of $2.23 per share, payable June 25, 2012, to shareholders of record June 8, 2012.
On Thursday, the U.S. exchange operator declared a five-for-one split of its common stock.
CME told reports that the split would take the form of a 400 percent stock dividend to be paid on July 20 to shareholders of record on July 10.
"We believe that splitting CME Group stock will appeal to a broader, more diverse mix of investor portfolios," Executive Chairman and President Terry Duffy said. "By making our shares attractive to more people, we have potential to further expand the base of ownership."
Source: Reuters
5 Comments
Guest
Posted: 07/29/12
I predict those that maalnuipte the CME and have been fined for manipulating the CME and are still doing so through other means will keep the prices up during the upcoming law suits. That way, when the farmers are stating their case about low milk prices, the other side can say, "Look at what the farmer is getting for milk now and they are complaining??" Never mind that the jury will hear about the lows, it'a all about what the price is now.
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Guest
Posted: 07/29/12
I predict those that maalnuipte the CME and have been fined for manipulating the CME and are still doing so through other means will keep the prices up during the upcoming law suits. That way, when the farmers are stating their case about low milk prices, the other side can say, "Look at what the farmer is getting for milk now and they are complaining??" Never mind that the jury will hear about the lows, it'a all about what the price is now.