Ebix Declares 7.5 Cent Quarterly Dividend, Payable March 16, 2022 to Shareholders of Record March 4, 2022

Rhea-AI Summary

Ebix, Inc. (NASDAQ: EBIX) announced a quarterly dividend of 7.5 cents per common share, payable on March 16, 2022, to shareholders of record as of March 4, 2022. This declaration demonstrates the company's commitment to returning value to its shareholders. With a global presence and over 50 offices across 6 continents, Ebix provides On-Demand software and E-commerce services, predominantly in insurance and finance sectors. Their market leadership in India, particularly through EbixCash, supports their strong financial ecosystem.

Positive

• Declared quarterly dividend of 7.5 cents per share.
• Demonstrates commitment to shareholder value.

Negative

• None.

JOHNS CREEK, Ga., Feb. 23, 2022 (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 16, 2022 to shareholders of record at the close of business on March 4, 2022.

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 in February 2022?

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

When is the dividend payable to shareholders?

The dividend is payable on March 16, 2022.

What date is the record for dividend eligibility?

Shareholders of record are eligible if they hold shares by the close of business on March 4, 2022.

How does Ebix perform in the insurance sector?

Ebix is a leading provider of On-Demand software and E-commerce services in the insurance sector.

What is the significance of EbixCash in the company's operations?

EbixCash leads in areas such as money remittance and foreign exchange in India.