CME Group to Pay $2.90 Variable Dividend for 2015

The derivatives exchange will add the variable payout to its fixed annual dividend of $0.50 apiece

CME Group (NASDAQ:CME) said today that it will distribute an annual variable dividend of $2.90 on January 12, 2016.

The ex-dividend date is December 28, 2015, the global derivatives marketplace said. The total amount of the payout is $977 million.

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The variable dividend scheme was introduced by CME three years ago as a way of determining the amount of excess cash available at the end of each financial year, the company explained in its press release.

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The “variable” part means that the dividend depends on its operating results at the end of each 12-month period, potential investments, and other types of return on capital.

Over $5.6 Billion Paid out in Dividends since 2012

Since 2012, when the first payment was made, CME Group has distributed a total of over $5.6 billion, including the regular dividend for this financial year, which amounts to $0.50 and will be distributed before the year’s end.

CME Group’s latest financial report, for the third-quarter of 2015, revealed revenues of $850 million, an 11.5 percent annual increase and a 3.7 percent improvement on a quarterly basis.

In terms of trading volumes, the latest report by CME, for the month of November, revealed average daily figures of 13.7 million contracts, up 7 percent on the year, and a million contracts more than in October.

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