Ebix Declares 7.5 Cent Quarterly Dividend, Payable December 15, 2020, to Shareholders of Record December 1, 2020

Rhea-AI Summary

Ebix, Inc. (NASDAQ: EBIX) has announced a quarterly dividend of 7.5 cents per share, payable on December 15, 2020, to shareholders on record by December 1, 2020. This news highlights the company's ongoing commitment to returning value to shareholders amidst its operations in providing On-Demand software and E-commerce services across various sectors, including insurance and financial services. Ebix's broad geographical presence includes over 50 offices globally, supporting its diverse portfolio including EbixCash, a leading financial exchange in India.

Positive

• Quarterly dividend of 7.5 cents per share demonstrates commitment to shareholder returns.
• Strong leadership position in India's inward remittance business with $6.5 billion in gross annual transactions.
• EbixCash conducts over $4.8 billion in gross transaction value annually in Forex operations.

Negative

• None.

JOHNS CREEK, Ga., Nov. 20, 2020 (GLOBE NEWSWIRE) -- Ebix, Inc., (NASDAQ: EBIX) a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that its Board of Directors has declared a regular quarterly dividend of 7.5 cents per common share. The dividend is payable December 15, 2020 to shareholders of record at the close of business on December 1, 2020.

About Ebix, Inc.

With 50+ offices across 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. In the Insurance sector, Ebix’s main focus is to develop and deploy a wide variety of insurance and reinsurance exchanges on an on-demand basis, while also, providing Software-as-a-Service ("SaaS") enterprise solutions in the area of CRM, front-end & back-end systems, outsourced administration and risk compliance services, around the world.

With a "Phygital” strategy that combines 320,000 physical distribution outlets in many Southeast Asian Nations (“ASEAN”) countries, to an Omni-channel online digital platform, the Company’s EbixCash Financial exchange portfolio encompasses leadership in areas of domestic & international money remittance, foreign exchange (Forex), travel, pre-paid & gift cards, utility payments, lending, wealth management etc. in India and other markets. EbixCash’s Forex operations have emerged as a leader in India’s airport Foreign Exchange business with operations in 32 international airports including Delhi, Mumbai, Bangalore, Hyderabad, Chennai and Kolkata, conducting over $4.8 billion in gross transaction value per year. EbixCash’s inward remittance business in India conducts approx. $6.5 billion gross annual remittance business, confirming its undisputed leadership position in India. EbixCash, through its travel portfolio of Via and Mercury, is also one of Southeast Asia’s leading travel exchanges with over 2,200+ employees, 212,450+ agent network, 25 branches and over 9,800 corporate clients; processing an estimated $2.5 billion in gross merchandise value per year. For more information, visit the Company’s website at www.ebix.com.

CONTACT:

Darren Joseph or Gautam Sharma
678 -281-2027 or IR@ebix.com

David Collins or Chris Eddy
Catalyst Global - 212-924-9800 or ebix@catalyst-ir.com

FAQ

What is the dividend amount declared by Ebix in November 2020?

Ebix declared a quarterly dividend of 7.5 cents per share.

When is the dividend payable to Ebix shareholders?

The dividend is payable on December 15, 2020.

What is the record date for the Ebix dividend?

The record date for the dividend is December 1, 2020.

How significant is EbixCash's remittance business in India?

EbixCash conducts approximately $6.5 billion in gross annual remittance business in India.