American Software’s Board Approves the Quarterly Cash Dividend

Rhea-AI Summary

American Software (NASDAQ: AMSWA) has announced a quarterly dividend of $0.11 per share, as approved by its Board of Directors. This dividend will be paid to Class A Shareholders who are on record at the close of business on November 15, 2024. The payment is scheduled to be distributed on or around November 29, 2024. This announcement demonstrates the company's commitment to providing regular returns to its shareholders, which may be viewed positively by investors looking for income-generating stocks in the software sector.

Positive

• Consistent dividend payment indicates financial stability
• Dividend provides income for shareholders
• Board's approval suggests confidence in company's cash flow

Negative

• None.

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 Class A Shareholders of record at the close of business on November 15, 2024, to be paid on or about November 29, 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 software 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 550 clients in 80 countries, Logility is proud to work 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., (404) 364-7615 or email kliu@amsoftware.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240821887657/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 (AMSWA) announced a quarterly dividend of $0.11 per share.

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

The record date for American Software's (AMSWA) latest dividend is November 15, 2024.

What is the payment date for American Software's (AMSWA) recently declared dividend?

The payment date for American Software's (AMSWA) recently declared dividend is on or about November 29, 2024.

Who is eligible to receive the dividend announced by American Software (AMSWA)?

The dividend is payable to American Software's (AMSWA) Class A Shareholders of record at the close of business on the record date.