Intercontinental Exchange Buyback
OLI recorded this information on 11/2/2017
Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced its Board of Directors has authorized a new share repurchase program and its quarterly dividend of $0.20. The new $1.2 billion authorization, effective January 1, 2018, represents a twenty percent increase from the company's previous repurchase authorization of $1 billion which it expects to exhaust by the end of 2017. Through October 31, 2017, ICE has repurchased $792 million of its common stock at an average price of $62.39.
Intercontinental Exchange is a holding company. Through its subsidiaries, Co. is a provider of marketplace infrastructure, data services and technology solutions to a range of customers including financial institutions, corporations and government entities. Co.'s business segments are: Exchanges, which operates regulated marketplaces for the listing, trading and clearing of derivatives contracts and financial securities; Fixed Income and Data Services, which provide fixed income pricing, reference data, indices and execution services; and Mortgage Technology, which provides an end-to-end technology platform that provide customers workflow tools.
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Strong Buy (3.73 out of 4)