SS&C Increases Its Common Stock Dividend to $0.16 Per Quarter

(Neutral)

Rhea-AI Summary

SS&C Technologies (Nasdaq: SSNC) has announced a quarterly dividend increase to $0.16 per share from $0.14 per share, payable on March 15, 2021, to stockholders of record by the close of business on March 1, 2021. This increase highlights the company's commitment to shareholder returns, especially after generating over $1.1 billion in operating cash flow in 2020, despite challenging market conditions. SS&C continues to prioritize a prudent cash flow strategy in 2021.

Positive

Quarterly dividend increased to $0.16 per share from $0.14.
Dividend payout demonstrates commitment to shareholder returns.
Achieved over $1.1 billion in operating cash flow in 2020.

Negative

None.

News Market Reaction – SSNC

-2.25%

-2.25% Session move

In the trading session that priced this news, SSNC declined 2.25%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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02/24/2021 - 06:08 PM

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.

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View original content to download multimedia:http://www.prnewswire.com/news-releases/ssc-increases-its-common-stock-dividend-to-0-16-per-quarter-301235081.html

SOURCE SS&C

FAQ

What is the new dividend amount announced by SSNC?

SS&C Technologies has increased its quarterly dividend to $0.16 per share.

When is the dividend payable for SSNC?

The dividend is payable on March 15, 2021.

What was the previous dividend amount for SSNC?

The previous dividend amount was $0.14 per share.

What date do you need to own SSNC stock to receive the dividend?

Stockholders must be on record by the close of business on March 1, 2021, to receive the dividend.

How much operating cash flow did SSNC generate in 2020?

SS&C Technologies generated over $1.1 billion in operating cash flow in 2020.