11:06 AM EST, 03/05/2024 (MT Newswires) -- Nasdaq (NDAQ) said Tuesday it will continue to integrate Adenza and expects to action about 70% of targeted $80 million in net expense synergies by the end of 2024.

Nasdaq acquired Adenza, a financial software company, in November 2023.

The stock exchange also issued a capital allocation strategy, including raising the quarterly dividend by $0.02 to $0.24 per share this year, to be reflected in the June payment.

Nasdaq said it reaffirmed its medium-term outlook of capital access platforms revenue growth of 5% to 8%, financial technology revenue growth of 10% to 14%, and total solutions revenue growth of 8% to 11%.

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