New York Stock Exchange parent Intercontinental Exchange Inc. said Wednesday that it will raise its quarterly dividend by 20% to 24 cents a share, from 20 cents a share. The new dividend is payable March 29 to shareholders of record on March 15. Based on Tuesday’s stock closing price of $72.27, the new annual dividend rate implies a dividend yield of 1.33%, compared with the S&P 500’s implied dividend yield of 1.88%. The stock, which was indicated up nearly 1% in premarket trade, has rallied 10.2% over the past three months through Tuesday, while the S&P 500 has gained 4.0%.
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