CME Group declares annual variable dividend of $1.30 CME Group declared its annual variable dividend, amounting to $1.30 per share. The dividend is payable December 28 to shareholders of record December 17. Because of uncertainty regarding future taxation of dividends, CME Group's board of directors has accelerated the timing of this dividend – which would have been paid in Q1 2013 – into Q4 2012 in order to maximize the after-tax value to its shareholders. The accelerated annual variable dividend is supplemental to the regular quarterly dividend of 45c per share payable December 26 to shareholders of record December 10.
CME Group price target raised to $97 from $89 at UBS UBS raised its price target on CME Group to $97 from $89 reflecting the potential upside to volume and earnings based on a historical relationship between U.S. debt levels, CME's open interest, and turnover velocity. UBS reiterates its Buy rating on CME Group shares.