Stock Split Confirmed in Chicago at CME
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."