Ebix Declares 7.5 Cent Quarterly Dividend, Payable December 15, 2021 to Shareholders of Record December 1, 2021

Rhea-AI Summary

Ebix, Inc. (NASDAQ: EBIX) has declared a quarterly dividend of 7.5 cents per common share, payable on December 15, 2021, to shareholders of record on December 1, 2021. The company, a global provider of On-Demand software and E-commerce services across various sectors including insurance and financial services, operates from over 50 offices worldwide. With significant market presence, particularly through its EbixCash platform, Ebix has established leadership in the remittance and foreign exchange sectors in India, boasting over $6.5 billion in remittance business annually.

Positive

• Declared a quarterly dividend of 7.5 cents per share, demonstrating commitment to returning value to shareholders.
• Leadership in India's inward remittance, conducting approximately $6.5 billion gross annually, enhancing financial stability and growth potential.
• Strong market presence in Forex operations with $4.8 billion in gross transaction value per year, indicating robust revenue generation.

Negative

• None.

JOHNS CREEK, Ga., Nov. 17, 2021 (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, 2021 to shareholders of record at the close of business on December 1, 2021.

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
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 for December 2021?

Ebix has declared a quarterly dividend of 7.5 cents per common share.

When is the dividend payable to shareholders?

The dividend is payable on December 15, 2021.

What is the record date for Ebix's dividend?

The record date for the dividend is December 1, 2021.

How much does Ebix earn from its remittance business?

Ebix's inward remittance business generates approximately $6.5 billion gross annually.

What is the significance of Ebix's Forex operations?

Ebix's Forex operations have $4.8 billion in gross transaction value per year, indicating a strong revenue stream.