Ebix Declares 7.5 Cent Quarterly Dividend, Payable June 16, 2020, to Shareholders of Record June 2, 2020
Ebix, a prominent supplier of software and e-commerce services, has announced a regular quarterly dividend of 7.5 cents per common share.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Ebix, a prominent supplier of software and e-commerce services, has announced a regular quarterly dividend of 7.5 cents per common share. This dividend will be payable on June 16, 2020 to shareholders on record as of June 2, 2020. Ebix has a robust presence with over 50 offices across 6 continents, focusing on sectors such as insurance, finance, healthcare, and e-learning. Additionally, the company leads in the Forex business at airports in India and manages significant remittance operations, underpinning its strong market position.
Positive
- Declaration of a quarterly dividend of 7.5 cents per share, enhancing shareholder income.
- Strong market leadership in India's Forex and remittance services with operations conducting over $4.8 billion in gross transaction value annually.
- Extensive global presence with over 50 offices across six continents, indicating a diversified business reach.
Negative
- None.
Details
News Market Reaction – EBIX
The recorded move for EBIX in the trading session of this news was -1.29%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
JOHNS CREEK, Ga., May 21, 2020 (GLOBE NEWSWIRE) -- Ebix, Inc., (NASDAQ: EBIX) a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that its Board of Directors has declared a regular quarterly dividend of 7.5 cents per common share. The dividend is payable June 16, 2020 to shareholders of record at the close of business on June 2, 2020.
About Ebix, Inc.
With 50+ offices across 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. In the Insurance sector, Ebix’s main focus is to develop and deploy a wide variety of insurance and reinsurance exchanges on an on-demand basis, while also, providing Software-as-a-Service ("SaaS") enterprise solutions in the area of CRM, front-end & back-end systems, outsourced administration and risk compliance services, around the world.
With a "Phygital” strategy that combines 320,000 physical distribution outlets in many Southeast Asian Nations (“ASEAN”) countries, to an Omni-channel online digital platform, the Company’s EbixCash Financial exchange portfolio encompasses leadership in areas of domestic & international money remittance, foreign exchange (Forex), travel, pre-paid & gift cards, utility payments, lending, wealth management etc. in India and other markets. EbixCash’s Forex operations have emerged as a leader in India’s airport Foreign Exchange business with operations in 32 international airports including Delhi, Mumbai, Bangalore, Hyderabad, Chennai and Kolkata, conducting over
CONTACT:
Darren Joseph or Gautam Sharma
678 -281-2027 or IR@ebix.com
David Collins or Chris Eddy
Catalyst Global - 212-924-9800 or ebix@catalyst-ir.com
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