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5/24/2012 6:59 PM ET

CME Group, Inc. (CME: Quote) on Thursday declared a five-for-one split of its common stock, in the form of a 400% stock dividend.

The dividend will be paid on July 20 to shareholders of record on July 10.

"We believe that splitting CME Group stock will appeal to a broader, more diverse mix of investor portfolios," said CME Group Executive Chairman and President Terry Duffy. "By making our shares attractive to more people, we have potential to further expand the base of ownership."

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