Financial stocks may be lagging, but shares of CME Group are up over 16% year-to-date due to commodity and interest rate volatility. Bob Landry, portfolio manager at USAA, said the environment will remain healthy for the exchange operator and its special dividend is a fantastic kicker. “CME is offers a great dividend yield of more than 2%, and they generally pay a special cash dividend once a year which is always nice for shareholders,” said Landry. The CME Group is the world’s most diverse derivatives marketplace, handling three billion contracts worth approximately $1 quadrillion annually on average. The company provides a marketplace for buyers and sellers, bringing together individuals and institutions that need to manage risk or that want to profit by accepting risk. The CME’s exchanges – CME, CBOT, NYMEX and COMEX – offer products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.
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