Intercontinental Exchange Inc. (ICE) will raise its quarterly dividend by 10 percent to 33 cents per share in 2021. This follows a dividend hike of 9.1 percent to $0.30 per share in the first quarter of 2020. The operator of global exchanges and clearing houses and provider of data and listings services has now increased its dividend 7 consecutive years.

The first quarter cash dividend is payable on March 31, 2021 to stockholders of record as of March 17, 2021. The ex-dividend date is March 16, 2021. A new annualized dividend rate of $1.32 per share yields 1.2% at a stock price of $114.

ICE expects the annual total dividend for 2021 to be $1.32 per share, for an aggregate payout of approximately $745 million. The company has announced a double digit dividend hike in six of the last seven years.

Intercontinental Exchange, Inc., formerly IntercontinentalExchange Group, Inc., is an operator of regulated exchanges, clearing houses and listings venues, and a provider of data services for commodity, fixed income and equity markets. The company operates regulated marketplaces for listing, trading and clearing of derivatives and securities contracts. ICE also offers end-to-end data services and solutions. ICE became a public company in November 2005 and has been paying a dividend since 2013.