Market News

CME Group Hikes Dividend by 11%

Derivatives marketplace CME Group Inc. (NASDAQ: CME) recently announced a quarterly dividend of $1 per share, an increase of more than 11% from the previous dividend of $0.90.

The dividend will be paid on March 25, 2022, to shareholders of record as of March 10, 2022.

Following the news, shares of the company rose over 1% to close at $241.25 in Thursday’s extended trading session.

Dividend Yield

The company’s annual dividend of $4 per share now reflects a dividend yield of 1.7% based on Thursday’s closing price.

Notably, the company has been raising its quarterly dividend consistently over the past five years, making it an attractive choice for investors.

Stock Ratings

Recently, Rosenblatt Securities analyst Sean Horgan upgraded the stock to a Hold from Sell with a price target of $254, which implies upside potential of 5.4% from current levels.

The Wall Street community is cautiously optimistic about the stock and has a Moderate Buy consensus rating based on 3 Buys, 3 Holds and 1 Sell. The average CME Group stock prediction of $242.86 implies that the stock has 0.74% upside potential from current levels. Shares have gained 24.6% over the past year.

Positive News Sentiment

News Sentiment for CME is Positive based on 16 articles over the past seven days. 100% of the articles have Bullish sentiment, compared to the sector average of 63%.

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