Intercontinental Exchange Inc. (ICE) will raise its quarterly dividend by 15.2 percent to 38 cents per share. This comes after a dividend hike of  10 percent to 33 cents per share in 2021. ICE, the operator of global exchanges and clearing houses and provider of data and listings services, has now increased its dividend 8 consecutive years.

The first quarter cash dividend is payable on March 31, 2022 to stockholders of record as of March 17, 2022. The ex-dividend date is March 16, 2022. A new annualized dividend rate of $1.52 per share yields 1.2% at a stock price of $128.

ICE states that it expects the annual total dividend for 2022 to be $1.52 per share, for an aggregate payout of approximately $843 million, and the expected record and payable dates for the balance of the year are expected to be as noted below, subject to board authorization.

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.