SS&C Increases Its Common Stock Dividend by 20% to $0.24 Per Share

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08/21/2023 - 04:05 PM EDT

WINDSOR, Conn., Aug. 21, 2023 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced its Board of Directors has approved a quarterly dividend payout of $0.24 per share, up from $0.20 per share. The dividend is payable on September 15, 2023, to stockholders of record as of the close of business on September 1, 2023.

Bill Stone, Chairman and CEO, commented: "SS&C's business is running full speed ahead, generating net cash from operating activities of $584.2 million for the six months ended June 30, 2023 – up 30.5% from the same period a year ago. We remain committed to creating long-term shareholder value, which includes increases to our dividend as part of our capital allocation strategy. SS&C sees many opportunities ahead, and we will continue to exercise prudent cash flow management as we navigate the market."

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

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SOURCE: SS&C

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