By Colin Kellaher

Intercontinental Exchange Inc. on Thursday said its board raised the quarterly dividend by nearly 11%, to 42 cents from 38 cents.

The new payout, equal to $1.68 a year, represents an annual yield of about 1.54% based on Wednesday's closing price of $109.01, up from 1.39%.

The owner of the New York Stock Exchange said the increased dividend is payable March 31 to shareholders of record March 17.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

February 02, 2023 07:55 ET (12:55 GMT)

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