TORONTO, May 9, 2017 /CNW/ - The Board of Directors of TMX Group Limited declared a dividend of $0.50 on each common share outstanding, an increase in $0.05 or 11%, from the previous $0.45 per common share. This dividend is payable on June 9, 2017 to shareholders of record at the close of business on May 26, 2017.
"We are proud to announce another dividend increase for TMX Group," said Lou Eccleston, Chief Executive Officer, TMX Group. "In our operational results and the progress made to date in our growth initiatives, TMX continues to reap the benefits of an investment strategy focused on profitable growth and a diligent approach to cost management. This increase aligns our dividend payout ratio with that of our domestic and international peers. The organization remains focused in our pursuit of sustained profitable growth and delivering shareholder value into the future."
TMX Group hereby advises that this dividend is designated as an "eligible dividend" for Canadian income tax purposes.
For the results of the quarter ended March 31, 2017 for TMX Group, please click on the following link: http://www.tmx.com/investor-relations/
About TMX Group (TSX-X)
TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, NGX, Shorcan, Shorcan Energy Brokers, AgriClear and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montréal, Calgary and Vancouver), in key U.S. markets (New York, Houston) as well as in London, Beijing and Singapore. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.
SOURCE TMX Group Limited
For further information: Catherine Kee, Manager, Corporate Communications, TMX Group, 416-814-8834, firstname.lastname@example.org; Amanda Tang, Manager, Investor Relations, TMX Group, 416-947-4787, email@example.com