ICE Beats Earnings and Raises Dividend

Intercontinental Exchange (ICE) reported Q4 earnings of 73 cents per share, one penny more than expectations.

“We are pleased to deliver our twelfth consecutive year of record revenue,” said ICE Chairman and CEO Jeffrey C. Sprecher. “We achieved this by executing on our strategy to deliver best-in-class trading, clearing, listings and information services while continuing to expand our range of content and distribution solutions to meet the evolving needs of the market. As we look to 2018 and beyond, we are focused on innovation and growth to serve our customers and build shareholder value.”

Scott A. Hill, ICE CFO, added: “In addition to investing in growth, we returned more capital to shareholders in 2017 than any year in our history enabled by another year of record revenue, disciplined expense management and strong cash flow. We remain committed to creating long-term value for our shareholders through operational execution and strategic investments to build on our track record of growth.”

ICE also boosted its quarterly dividend by 20%. The payout will rise from 20 cents to 24 cents per share. The stock is down a bit today.

Posted by on February 7th, 2018 at 1:48 pm

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