TMX Group Limited Increases Dividend by 5% to $0.20 per Common Share

Rhea-AI Summary

TMX Group has announced a 5% increase in its quarterly dividend, raising it by $0.01 to $0.20 per common share. The dividend will be paid on March 7, 2025 to shareholders of record as of February 21, 2025.

This marks TMX Group's fourth dividend increase in two years, demonstrating the company's commitment to shareholder value and the strength of its business model. The company's CFO, David Arnold, emphasized their focus on executing a global strategy for enterprise growth while maintaining disciplined capital allocation and progressing toward deleveraging targets.

The dividend has been designated as an "eligible dividend" for Canadian income tax purposes.

Positive

• Fourth dividend increase in two years shows consistent growth in shareholder returns
• 5% increase in quarterly dividend from $0.19 to $0.20 per share
• Company demonstrates strong business performance enabling regular dividend growth

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - February 3, 2025) - The Board of Directors of TMX Group Limited (TSX: X) today declared a dividend of $0.20 on each common share outstanding, an increase of $0.01 or 5%. This dividend is payable on March 7, 2025 to shareholders of record at the close of business on February 21, 2025.

"We are pleased to announce TMX Group's fourth dividend increase in two years, reflecting a consistent commitment to delivering value to shareholders, and the strength of our high-performance business model," said David Arnold, Chief Financial Officer of TMX Group. "Moving forward, we are focused on the execution of our global strategy to accelerate enterprise growth, while maintaining a disciplined approach to capital allocation, and advancing against our deleveraging targets."

TMX Group hereby advises that this dividend is designated as an "eligible dividend" for Canadian income tax purposes.

For the results of the quarter ended December 31, 2024 for TMX Group, please click on the following link: http://www.tmx.com/investor-relations/.

About TMX Group (TSX-X)

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport and TMX VettaFi, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna. For more information about TMX Group, visit www.tmx.com. Follow TMX Group on X: @TMXGroup.

For more information please contact:

Catherine Kee
Head of Media Relations
TMX Group
416-671-1704
catherine.kee@tmx.com

Amin Mousavian
Vice President, Investor Relations & Treasury
TMX Group
416-732-3460
amin.mousavian@tmx.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239146

FAQ

What is the new dividend amount for TMX Group (TMXXF) announced in February 2025?

TMX Group announced a dividend of $0.20 per common share, representing a $0.01 or 5% increase from the previous dividend.

When is the payment date for TMX Group's (TMXXF) latest dividend?

The dividend is payable on March 7, 2025, to shareholders of record as of February 21, 2025.

How many dividend increases has TMX Group (TMXXF) implemented in the past two years?

TMX Group has implemented four dividend increases in the past two years.

Is TMX Group's (TMXXF) February 2025 dividend considered an eligible dividend for Canadian tax purposes?

Yes, TMX Group has designated this dividend as an 'eligible dividend' for Canadian income tax purposes.