American Software’s Board Approves the Quarterly Cash Dividend

Rhea-AI Summary

American Software's Board of Directors has declared a quarterly cash dividend of $0.11 per share. The dividend will be payable to shareholders of record as of August 16, 2024, and is scheduled to be disbursed around August 30, 2024. This announcement is reflective of the company's ongoing commitment to delivering shareholder value.

Positive

• Quarterly cash dividend of $0.11 per share approved.
• Dividend payout date set for August 30, 2024.
• Record date for dividend eligibility set for August 16, 2024.
• Reflects the company's commitment to shareholder returns.

Negative

• No information provided regarding company's financial performance.
• Dividend amount remains unchanged, potentially signaling stagnant growth.

ATLANTA--(BUSINESS WIRE)-- American Software, Inc. (NASDAQ: AMSWA) today announced that its Board of Directors declared a quarterly dividend of $.11 per share. The dividend is payable to the Company’s shareholders of record at the close of business on August 16, 2024, to be paid on or about August 30, 2024.

About American Software, Inc.

Atlanta-based American Software, Inc. (NASDAQ: AMSWA), through its operating entity Logility, delivers optimized demand, inventory, manufacturing, and supply planning tools – helping give executives the confidence and control to increase margins and service levels, while delivering sustainable supply chains.

Logility is a market-leading provider of AI-first supply chain management solutions engineered to help organizations build sustainable digital supply chains that improve people’s lives and the world we live in. The company’s approach is designed to reimagine supply chain planning by shifting away from traditional “what happened” processes to an AI-driven strategy that combines the power of humans and machines to predict and be ready for what’s coming. Logility’s fully integrated, end-to-end platform helps clients know faster, turn uncertainty into opportunity, and transform the supply chain from a cost center to an engine for growth.

With over 650 clients in 80 countries, Logility is proud to partner with some of the world’s leading brands, such as Reynolds Consumer Products, Denso, Sandvik, and Ansell. The company is headquartered in Atlanta, GA. Logility is a wholly-owned subsidiary of American Software, Inc. (NASDAQ: AMSWA). Learn more at www.logility.com You can learn more about American Software at www.amsoftware.com.

Forward Looking Statements

This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty and the timing and degree of business recovery; the irregular pattern of the Company’s revenues; dependence on particular market segments or customers; competitive pressures; market acceptance of the Company’s products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; the Company’s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect the Company’s future performance. For further information about risks the Company could experience as well as other information, please refer to the Company’s current Form 10-K and other reports and documents subsequently filed with the SEC. For more information, contact: Kevin Liu, American Software, Inc., (626) 657-0013 or email kliu@amsoftware.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240530802991/en/

Vincent C. Klinges

Chief Financial Officer

American Software, Inc.

(404) 264-5477

Source: American Software, Inc.

FAQ

What is the dividend amount announced by American Software (AMSWA)?

American Software has announced a quarterly cash dividend of $0.11 per share.

When is the record date for American Software's (AMSWA) dividend?

The record date for the dividend is August 16, 2024.

When will American Software (AMSWA) pay the declared dividend?

The dividend is scheduled to be paid on or about August 30, 2024.

How does American Software's dividend reflect on its shareholder value?

The dividend reflects the company's ongoing commitment to delivering shareholder value.