EVERTEC Declares Quarterly Dividend on Common Stock

Rhea-AI Summary

EVERTEC, Inc. declares a regular quarterly dividend of $0.05 per share, to be paid on March 15, 2024, for stockholders of record as of February 27, 2024.

Insights

Financial Analyst

The declaration of a regular quarterly dividend by EVERTEC, Inc. signifies a stable and potentially positive cash flow situation that the company is confident enough to share profits with its shareholders. Dividends are often seen as a sign of a company's financial health and can attract income-focused investors. The consistency of dividend payments, as suggested by the Board's anticipation of future declarations, can also reflect positively on the company's financial planning and reliability.

However, the cautionary note that future dividends are subject to Board approval and may be adjusted indicates a prudent approach to financial management. It's important to note that while dividends can be a sign of strength, they also mean that the company is choosing not to reinvest all of its profits back into growth or debt reduction. Investors should consider the dividend yield in relation to the company's overall financial performance, including revenue, net income and cash flow statements.

Market Research Analyst

From a market perspective, EVERTEC's dividend announcement is a key indicator for analysts and investors, as it may influence the stock's attractiveness in the financial markets. Dividends can impact the company's stock price, often leading to a price increase as the ex-dividend date approaches and then a decrease after the dividend is paid. It's essential to analyze the company's dividend payout ratio, which compares the dividends paid to the company's net income, to assess the sustainability of the dividend payments.

Furthermore, the company's future outlook and performance within the payment processing and financial services industry should be taken into account. Factors such as competitive position, market trends, regulatory environment and technological advancements are critical in evaluating the long-term viability of the company's dividend policy and overall investment potential.

SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- EVERTEC, Inc. (NYSE: EVTC) (“EVERTEC” or the “Company”) today announced that its Board of Directors (the “Board”) declared a regular quarterly dividend of $0.05 per share on February 15, 2024 to be paid on March 15, 2024 to stockholders of record as of February 27, 2024.

EVERTEC’s Board anticipates declaring this dividend in future quarters on a regular basis; however, future declarations are subject to the Board's approval and may be adjusted as business needs or market conditions change.

About Evertec

EVERTEC, Inc. (NYSE: EVTC) is a leading full-service transaction processing business in Puerto Rico, the Caribbean and Latin America, providing a broad range of merchant acquiring, payment services and business process management services. Evertec owns and operates the ATH® network, one of the leading personal identification number (“PIN”) debit networks in Latin America. In addition, the Company processes over six billion transactions annually and manages a system of electronic payment networks in Puerto Rico and Latin America and offers a comprehensive suite of services for core banking, cash processing, and fulfillment in Puerto Rico. Additionally, the Company offers technology outsourcing and payment transactions fraud monitoring to all the regions it serves. Based in Puerto Rico, the Company operates in 26 Latin American countries and serves a diversified customer base of leading financial institutions, merchants, corporations and government agencies with “mission-critical” technology solutions. For more information, visit www.evertecinc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240215014320/en/

Investor Contact

Beatriz Brown-Sáenz

(787) 773-5442

IR@evertecinc.com

Source: EVERTEC, Inc.

FAQ

When is EVERTEC, Inc. paying its regular quarterly dividend?

EVERTEC, Inc. will pay its regular quarterly dividend of $0.05 per share on March 15, 2024.

How much is EVERTEC, Inc.'s regular quarterly dividend per share?

EVERTEC, Inc.'s regular quarterly dividend is $0.05 per share.

When is the record date for EVERTEC, Inc.'s regular quarterly dividend?

The record date for EVERTEC, Inc.'s regular quarterly dividend is February 27, 2024.

Is EVERTEC, Inc. planning to declare dividends in future quarters?

EVERTEC, Inc.'s Board anticipates declaring this dividend in future quarters on a regular basis, subject to approval and business needs.