American Software’s Board Approves the Quarterly Cash Dividend

Rhea-AI Summary

American Software, Inc. (NASDAQ: AMSWA) has declared a quarterly dividend of $.11 per share. This dividend will be distributed to Class A and Class B shareholders of record as of May 3, 2023, with payment expected on or about May 17, 2023. The company, based in Atlanta, provides digital supply chain solutions through its Logility platform, enhancing enterprise efficiency with advanced analytics and AI technologies. The ongoing development highlights American Software's commitment to shareholder value through dividends while navigating market complexities.

Positive

• Quarterly dividend of $.11 per share declared.
• Dividend payable to shareholders on May 17, 2023.
• Commitment to shareholder returns through regular dividend payments.

Negative

• Market uncertainties and economic conditions may impact future performance.
• Dependence on specific market segments could pose risks.

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 and Class B Shareholders of record at the close of business on May 3, 2023, to be paid on or about May 17, 2023.

About American Software, Inc.

Atlanta-based American Software, Inc. (NASDAQ: AMSWA), through its operating entity Logility delivers an innovative technical platform that enables enterprises to accelerate their digital supply chain transformation from product concept to client availability via the Logility^® Digital Supply Chain Platform, a single platform spanning Product, Demand, Inventory, Supply, Sourcing, Deploy, Corporate Responsibility (ESG) and Network Optimization aligned with Integrated Business Planning.

Serving clients such as Big Lots, Carter’s, Destination XL, Hostess, Husqvarna Group, Jockey International, Johnson Controls, Parker Hannifin, Red Wing Shoe Company, Spanx, Dole Fresh Vegetables, Inc., and Fender Musical Instrument Co, our solutions are marketed and sold through a direct sales team as well as an indirect global value-added reseller (“VAR”) distribution network.

Fueled by supply chain master data, allowing for the automation of critical business processes through the application of artificial intelligence and machine learning algorithms to a variety of internal and external data streams, the comprehensive Logility portfolio delivered in the cloud includes advanced analytics , supply chain visibility, demand, inventory and replenishment planning, Sales and Operations Planning (S&OP), Integrated Business Planning (IBP), supply and inventory optimization, manufacturing planning and scheduling, network design and optimization (NDO), retail merchandise and assortment planning and allocation, product lifecycle management (PLM), sourcing management, vendor quality and compliance, and product traceability. For more information about Logility, please visit www.logility.com. Logility is a wholly-owned subsidiary and operating entity for American Software, Inc. (NASDAQ: AMSWA). You can learn more about American Software at www.amsoftware.com, or by calling (404) 364-7615 or emailing kliu@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/20230222005980/en/

Vincent C. Klinges

Chief Financial Officer

American Software, Inc.

(404) 264-5477

Source: American Software, Inc.

FAQ

What is the dividend amount declared by American Software, AMSWA?

American Software declared a quarterly dividend of $.11 per share.

When is the dividend payment date for AMSWA?

The dividend payment date for AMSWA is on or about May 17, 2023.

Who are the shareholders eligible for the dividend payment from AMSWA?

Class A and Class B shareholders of American Software are eligible for the dividend.

What are the risks associated with American Software, AMSWA?

American Software faces risks from market uncertainties, dependence on specific segments, and competitive pressures.

How does American Software's performance affect its dividend sustainability?

The company's ongoing economic challenges and revenue patterns may influence its ability to sustain dividends.