Ebix Declares 7.5 Cent Quarterly Dividend, Payable September 15, 2021, to Shareholders of Record September 3, 2021

Rhea-AI Summary

Ebix, a leading provider of On-Demand software and E-commerce services, has declared a quarterly dividend of 7.5 cents per common share. This dividend will be payable on September 15, 2021, to shareholders on record as of September 3, 2021. With more than 50 offices worldwide, Ebix focuses on the insurance, financial, healthcare, and e-learning sectors, offering a range of services including Software-as-a-Service (SaaS) solutions and financial exchanges.

Positive

• Declaration of a quarterly dividend of 7.5 cents per share, indicating financial stability and commitment to returning income to shareholders.

Negative

• None.

JOHNS CREEK, Ga., Aug. 23, 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 September 15, 2021 to shareholders of record at the close of business on September 3, 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?

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

When is the dividend payable for Ebix shareholders?

The dividend is payable on September 15, 2021.

When do I need to own the shares to receive the dividend from Ebix?

Shareholders must be on record by the close of business on September 3, 2021.

How frequently does Ebix pay dividends?

Ebix typically pays dividends on a quarterly basis.

Is the dividend payment by Ebix sustainable?

The sustainability of the dividend payment depends on the company's future financial performance.