Nasdaq Eyes 3-For-1 Stock Split, Increases Dividend as Q1 2022 Rev. Rises 5%

Nasdaq Eyes 3-For-1 Stock Split, Increases Dividend as Q1 2022 Rev. Rises 5%

(Nasdaq) Nasdaq Inc. is seeking the approval of its shareholders to execute a 3-for-1 stock split.

The company announced a $0.60 per share quarterly dividend, up by 11% in the quarter that saw revenues improve by 5% to $892 million.

Nasdaq reported Solutions segments revenue of $576 million in the first quarter, up by 15% from the prior year. Markets Services revenue was $315 million, down by 6% from the prior year.

The diluted GAAP EPS was reported at $1.70, down by 4% from the prior year.

The company said it repurchased $467 million worth of stock in the quarter, which included $325 million from the accelerated share repurchase agreement. 

NASDAQ 100 is up +2.15%

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