December 30, 2025 a 03:31 pm
CBOE: Dividend Analysis - Cboe Global Markets, Inc.
Cboe Global Markets, Inc. demonstrates a robust dividend profile with sustained growth patterns and prudent payout ratios. The long-standing dividend history highlights the organization's dedication to returning value to shareholders, while their solid financial standing ensures stability and potential future growth.
📊 Overview
Analyzing the key metrics for Cboe Global Markets, Inc. highlights its financial discipline and commitment to dividend sustainability.
| Key Metrics | Details |
|---|---|
| Sector | Financial |
| Dividend Yield | 1.05% |
| Current Dividend per Share | 2.37 USD |
| Dividend History | 16 years |
| Last Cut or Suspension | 2014 |
🗣️ Dividend History
Cboe Global Markets, Inc. has shown consistent dividend payments over the years, underscoring its reliability and commitment to shareholder value.
| Year | Dividend per Share (USD) |
|---|---|
| 2025 | 2.70 |
| 2024 | 2.36 |
| 2023 | 2.10 |
| 2022 | 1.96 |
| 2021 | 1.80 |
📈 Dividend Growth
The company's dividend growth rates indicate a positive trend, reflecting the company's capacity to improve shareholder returns.
| Time | Growth |
|---|---|
| 3 years | 9.45% |
| 5 years | 11.99% |
The average dividend growth is 11.99% over 5 years. This shows moderate but steady dividend growth.
📉 Payout Ratio
The payout ratios are indicative of the firm’s balanced approach to distributing earnings while retaining sufficient capital for business growth and operational sustainability.
| Key Figure | Ratio |
|---|---|
| EPS-based | 25.29% |
| Free cash flow-based | 21.65% |
With an EPS payout ratio of 25.29% and a FCF payout ratio of 21.65%, the company maintains a conservative approach, allowing for sustained dividend payments and growth opportunities.
Cashflow & Capital Efficiency
Strong cash flow performance underpins Cboe's ability to fund dividends and grow the business without over-leveraging.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Free Cash Flow Yield | 4.69% | 3.96% | 6.06% |
| Earnings Yield | 3.72% | 4.03% | 1.76% |
| CAPEX to Operating Cash Flow | 6.12% | 5.67% | 6.88% |
| Stock-based Compensation to Revenue | 0% | 0% | 0% |
| Free Cash Flow / Operating Cash Flow Ratio | 94.06% | 94.33% | 93.12% |
Cboe's balanced cash management strategy ensures sustainable growth and shareholder returns, reflected in stable cash flow ratios and prudent capital usage.
Balance Sheet & Leverage Analysis
A sound financial structure is evident, with manageable leverage and solid liquidity ratios.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Debt-to-Equity | 0.37 | 0.40 | 0.54 |
| Debt-to-Assets | 0.21 | 0.22 | 0.27 |
| Debt-to-Capital | 0.27 | 0.29 | 0.35 |
| Net Debt to EBITDA | 0.54 | 0.84 | 2.18 |
| Current Ratio | 1.78 | 1.43 | 1.05 |
| Quick Ratio | 1.78 | 1.43 | 1.05 |
Cboe maintains a stable leverage profile and adequate liquidity backup, enhancing its financial resilience and operational flexibility.
Fundamental Strength & Profitability
Through robust returns and healthy margins, Cboe exemplifies strong financial health and profitability.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Return on Equity | 17.87% | 19.11% | 6.78% |
| Return on Assets | 9.82% | 10.17% | 3.36% |
| Net Profit Margin | 18.68% | 20.18% | 5.94% |
| EBIT Margin | 27.73% | 29.42% | 12.45% |
| EBITDA Margin | 30.98% | 33.60% | 16.67% |
| Gross Profit Margin | 50.61% | 50.83% | 43.99% |
Exceptional profitability ratios coupled with consistent returns reinforce Cboe’s capability to deliver value, sustaining investor confidence.
Price Development
Dividend Scoring System
| Criteria | Description | Score |
|---|---|---|
| Dividend Yield | Strong yield given market conditions | 3 |
| Dividend Stability | Consistent payments over 16 years | 4 |
| Dividend Growth | Long-term growth observed | 4 |
| Payout Ratio | Conservative and sustainable | 5 |
| Financial Stability | Sound balance sheet | 4 |
| Dividend Continuity | No recent suspensions or cuts | 5 |
| Cashflow Coverage | Strong cash management | 4 |
| Balance Sheet Quality | Healthy leverage metrics | 4 |
Total Score: 33/40
Rating
✅ Cboe Global Markets, Inc. offers a compelling dividend profile with strong growth prospects and a resilient financial backbone. The company's sustainable dividend practices and prudent fiscal management make it an attractive option for long-term dividend-focused investors.