Ebix Declares 7.5 Cent Quarterly Dividend, Payable September 16, 2020, to Shareholders of Record September 2, 2020

Rhea-AI Summary

Ebix, Inc. (NASDAQ: EBIX) has declared a quarterly dividend of 7.5 cents per common share, payable on September 16, 2020 to shareholders of record as of September 2, 2020. This announcement underscores the company's commitment to rewarding its shareholders while maintaining a robust operational presence in sectors including insurance, financial services, healthcare, and e-learning.

Positive

• Quarterly dividend of 7.5 cents per share indicates shareholder value.
• Strong market presence with over 50 offices across 6 continents.
• Leadership in India's airport foreign exchange business with $4.8 billion in gross transaction value.
• Undisputed leader in India's inward remittance business with $6.5 billion gross annual business.

Negative

• None.

JOHNS CREEK, Ga., Aug. 21, 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 September 16, 2020 to shareholders of record at the close of business on September 2, 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 amount of Ebix's quarterly dividend?

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 September 16, 2020.

What is the record date for Ebix's dividend?

The record date for the dividend is September 2, 2020.

How does Ebix perform in the foreign exchange market?

EbixCash's Forex operations lead India's airport foreign exchange business with over $4.8 billion in gross transaction value.

What is Ebix's position in the remittance business?

Ebix is a leader in India's inward remittance business, conducting approximately $6.5 billion in gross annual remittance.