Nasdaq, Inc. (NDAQ) has recently announced a 10% increase in its regular quarterly dividend. The Board of Directors of Nasdaq, Inc. has declared a regular quarterly dividend of $0.22 per share on the company's outstanding common stock. This is an increase from the previous quarter's dividend payout.

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Quarterly Dividend and Record Date

The dividend is payable on June 30, 2023, to shareholders of record at the close of business on June 16, 2023. The record date is the date by which investors must be on the company's books to receive the dividend. Shareholders who own the stock before the record date are entitled to receive the dividend.

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Future Declarations

Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors. The Board of Directors has the authority to modify or suspend the dividend policy at any time. The decision to increase dividends reflects the company's strong financial position and its commitment to returning value to shareholders.

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Impact on Shareholders

The increase in the quarterly dividend payout is good news for Nasdaq, Inc. shareholders, as it indicates the company's ability to generate cash flows and its confidence in future growth prospects. A higher dividend payout also attracts income-seeking investors, which could potentially lead to an increase in demand for the stock, resulting in higher stock prices.

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Members of LevelFields received the alert of this event on April 19, 7:25 AM ET

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