Cboe Global Markets has increased the company's annual quarterly cash dividend by 19%.

The financial exchange operator said the company's board approved an increase to 86 cents a share from 72 cents a share.

The new dividend will be paid out on Sept. 15 to shareholders of record as of Aug. 31.

The payout, on an annualized basis, represents a yield of 1.2% based on Thursday's closing price of $293.08.