MarketAxess Holdings Announces Special Dividend
NEW YORK--(BUSINESS WIRE)--Dec. 4, 2012--
MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading
electronic trading platform for U.S. and European corporate bonds,
emerging markets bonds and other types of fixed-income securities, today
announced that its Board of Directors has approved a special cash
dividend of
$1.30 per share.
Rick McVey, Chairman and CEO of MarketAxess, said: "We are pleased to
add this special dividend to our capital management strategy as a timely
way to return earnings to our shareholders. Our strong balance sheet and
attractive free cash flow allow us to simultaneously increase dividends,
repurchase shares and invest in new businesses."
The $1.30 special cash dividend is payable on December 27, 2012 to
shareholders of record on December 14, 2012. The total amount of the
special dividend payment will be approximately $50 million based on the
current number of shares outstanding and will be paid using cash on hand.
About MarketAxess
MarketAxess operates a leading electronic trading platform that enables
fixed-income market participants to efficiently trade corporate bonds
and other types of fixed-income instruments using MarketAxess’ patented
trading technology. Over 1,000 investor and broker-dealer firms are
active users of the MarketAxess trading platform, accessing global
liquidity in U.S. high-grade corporate bonds, European bonds, high yield
and emerging markets bonds, agency bonds, asset-backed and preferred
securities and credit default swaps. MarketAxess also offers a number of
trading-related products and services, including: market data to assist
clients with trading decisions; connectivity solutions that facilitate
straight-through processing; technology services to optimize trading
environments; and execution services for exchange-traded fund managers
and other clients.
MarketAxess maintains its headquarters in New York and has offices in
London, Chicago, Salt Lake City, Hong Kong, Singapore and São Paulo. For
more information, please visit www.marketaxess.com.
Source: MarketAxess Holdings Inc.
Investor Relations:
MarketAxess Holdings Inc.
Tony
DeLise, 212-813-6017
or
Media Relations:
MarketAxess
Holdings Inc.
Florencia Panizza, 212-813-6029
or
William
McBride & Associates
William McBride, 917-239-6726