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Nasdaq raises quarterly dividend by 7%

Nasdaq Inc. NDAQ, -0.09% said Wednesday its board has approved a 7% increase in its quarterly dividend to 47 cents a share. The new dividend will be payable June 28 to shareholders of record as of June 14. Shares were up 0.7% in premarket trade and have gained 3.9% in the last 12 months, while the S&P 500 SPX, +0.88% has gained 11.9%.

 

Source: MarketWatch