Ebix Declares 7.5 Cent Quarterly Dividend, Payable March 15, 2021, to Shareholders of Record March 2, 2021

Rhea-AI Summary

On February 22, 2021, Ebix, a global leader in on-demand software and e-commerce services, announced a quarterly dividend of 7.5 cents per common share. This dividend is payable on March 15, 2021, to shareholders on record as of March 2, 2021. With over 50 offices worldwide, Ebix focuses on delivering software solutions for the insurance, financial, healthcare, and e-learning sectors. The company also boasts a robust presence in money remittance and foreign exchange markets, particularly through its EbixCash portfolio in India.

Positive

• Quarterly dividend of 7.5 cents per share declared, enhancing shareholder income.
• Strong performance in the EbixCash portfolio, leading in India's remittance and foreign exchange sectors.

Negative

• None.

JOHNS CREEK, Ga., Feb. 22, 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 March 15, 2021 to shareholders of record at the close of business on March 2, 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 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?

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

When will the dividend be paid to shareholders?

The dividend will be paid on March 15, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is March 2, 2021.

How does Ebix perform in the foreign exchange market?

EbixCash leads in India's airport foreign exchange business, conducting over $4.8 billion in gross transactions annually.