Nasdaq Inc. NDAQ, -1.89% said Wednesday it will raise its quarterly dividend by 16% to 44 cents a share from 38 cents a share. The new dividend will be payable June 29 to shareholders of record on June 15. Based on Tuesday's stock closing price of $81.92, the new annual dividend rate implies a dividend yield of 2.15%, compared with the implied dividend yield for the S&P 500 SPX, -1.73% of 1.98%, according to FactSet. Nasdaq's current annual dividend rate implies a yield of 1.86%. Shares of the trading exchange and clearing services company, which were still inactive in premarket trade, have gained 6.9% over the past three months, while the Nasdaq Composite COMP, -2.93% has tacked on 0.8% and the S&P 500 has lost 2.8%.
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