Ebix Declares 7.5 Cent Quarterly Dividend, Payable March 16, 2022 to Shareholders of Record March 4, 2022
Ebix, Inc. (NASDAQ: EBIX) announced a quarterly dividend of 7.5 cents per common share, payable on March 16, 2022, to shareholders of record as of March 4, 2022.
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, Inc. (NASDAQ: EBIX) announced a quarterly dividend of 7.5 cents per common share, payable on March 16, 2022, to shareholders of record as of March 4, 2022. This declaration demonstrates the company's commitment to returning value to its shareholders. With a global presence and over 50 offices across 6 continents, Ebix provides On-Demand software and E-commerce services, predominantly in insurance and finance sectors. Their market leadership in India, particularly through EbixCash, supports their strong financial ecosystem.
Positive
- Declared quarterly dividend of 7.5 cents per share.
- Demonstrates commitment to shareholder value.
Negative
- None.
Details
News Market Reaction – EBIX
The recorded move for EBIX in the trading session of this news was -1.26%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
JOHNS CREEK, Ga., Feb. 23, 2022 (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 March 16, 2022 to shareholders of record at the close of business on March 4, 2022.
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
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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