Nasdaq hikes dividend, cuts costs as profits top views
By John McCrank NEW YORK (Reuters) - Transatlantic exchange operator Nasdaq OMX Group on Thursday said it raised its dividend 67 percent and took substantial restructuring charges to combat foreign exchange headwinds as its profits topped expectations. Nasdaq said its board authorized a hike in the company's dividend to 25 cents per share from 15 cents per share. "The stable nature of our financial model produces strong cash flows and supports our decision to substantially increase Nas
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