CBOE Global Markets (CBOE) will raise its quarterly dividend by 14.8 percent to $0.31 per share in 2018. The company has now increased its dividend for 8 consecutive years.

The third-quarter 2018 dividend is payable on September 14, 2018, to stockholders of record as of August 31, 2018. The new annual dividend of $1.24 per share yields 1.3% at a stock price of $95.80.

"The increase in our dividend and share repurchase authorization reflects our Board of Directors' confidence in the future cash-flow generating capabilities of our business and in maintaining our focus on efficiently allocating capital to create long-term shareholder value," said Ed Tilly, Cboe Global Markets Chairman and Chief Executive Officer.

Cboe Global Markets, Inc., formerly CBOE Holdings, Inc., operates markets that offer options trading on various market indexes and futures contracts.  The company's subsidiaries include Chicago Board Options Exchange (CBOE), CBOE Futures Exchange (CFE), C2 Options Exchange (C2), Market Data Express and Chicago Options Exchange Building Corporation.