Cboe expands share buyback plan, declares fourth-quarter dividend
Cboe Global Markets is increasing shareholder returns as it keeps capital available for both growth investments and payouts. The exchange operator's board has authorized an additional $550 million in stock repurchases and approved a quarterly cash dividend of $0.86 per share for the fourth quarter of 2026.
Highlights
- Cboe Global Markets' board authorized up to an additional $550 million in common stock repurchases and declared a $0.86 per share fourth-quarter 2026 dividend.
- As of June 30, 2026, Cboe had $536.8 million remaining under existing share repurchase authorizations, supporting ongoing capital returns.
- Cboe's expanded buyback plan and dividend reflect board confidence, with no set expiration or required repurchase pace, allowing flexible market responses.
Capital return plan and payment timeline
As reported by Cboe Global Markets, the board has approved the repurchase of up to an additional $550 million of outstanding common stock and declared a fourth-quarter 2026 cash dividend of $0.86 per share.The dividend is payable on Dec. 15, 2026, to stockholders of record as of Nov. 30, 2026. As of June 30, 2026, the company had $536.8 million remaining under its existing share repurchase authorizations.
Chief Executive Officer Craig Donohue said Cboe's cash flow and balance sheet give it flexibility to keep investing in growth priorities while returning capital to shareholders. He said the increase in the repurchase authorization and the dividend decision reflect the board's confidence in the business and its focus on long-term value.
Program flexibility and market implications
The repurchase program has no expiration date, giving Cboe discretion over the pace and timing of any buybacks. The company says it may purchase shares in the open market, through established trading plans or via privately negotiated transactions, subject to applicable securities laws.Cboe is not required to repurchase shares at any specific time, and any activity will depend on factors including market conditions, the share price, liquidity targets and regulatory requirements. The company says repurchases may begin or be suspended at any time without prior notice.
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