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SS&C Increases Its Common Stock Dividend to $0.16 Per Quarter
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
WINDSOR, Conn., Feb. 24, 2021 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that its Board of Directors has approved a quarterly dividend payout of $0.16 per share, up from $0.14 per share. The dividend is payable on March 15, 2021, to stockholders of record as of the close of business on March 1, 2020.
Bill Stone, Chairman and CEO, commented: "Despite the unprecedented challenges of the 2020 environment, SS&C finished the year strong with over $1.1 billion in operating cash flow. We prioritize shareholder returns. SS&C will continue to exercise prudent cash flow strategy as the market adjusts in 2021 and as SS&C performs."
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 18,000 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.
SOURCE: SS&C
Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
ss&c provides the global financial services industry with a broad range of highly specialized software, software enabled-services and software as a service (saas) solutions for operational excellence. ss&c answers the outsourcing needs of the insurance, asset management, reit industries, alternative investments, and other financial service industries by tailoring solutions for their unique needs. these include account administration, asset valuation, compliance processing, data gathering, investment accounting and valuation, performance measurement, reconciliation, regulatory reporting and statement generation. founded in 1986 and listed on nasdaq (nasdaq: ssnc), ss&c has its headquarters in windsor, connecticut and offices around the world. some 10,000 financial services organizations, from the world’s largest institutions to local firms, manage and account for their investments using ss&c's products and services. these clients in the aggregate manage over $44 trillion in assets.
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