EVERTEC Declares Quarterly Dividend on Common Stock

Rhea-AI Summary

EVERTEC, Inc. (NYSE: EVTC) announced a quarterly dividend of $0.05 per share, declared on April 21, 2022, with a payment date of June 3, 2022, to stockholders of record by May 2, 2022. The Board of Directors anticipates regular future dividends, contingent on business needs and market conditions. EVERTEC is a prominent transaction processing firm in Puerto Rico and Latin America, processing over three billion transactions annually, providing various payment services and technology outsourcing across 26 countries.

Positive

• Quarterly dividend of $0.05 per share declared, indicating confidence in financial stability.
• Anticipation for regular future dividends may attract investors.

Negative

• Future dividend declarations are subject to Board approval, which introduces uncertainty.
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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 April 21, 2022 to be paid on June 3, 2022 to stockholders of record as of May 2, 2022.

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 manages a system of electronic payment networks and offers a comprehensive suite of services for core banking, cash processing and fulfillment in Puerto Rico, that process over three billion transactions annually. The Company also offers technology outsourcing in 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/20220421006108/en/

Investor Contact

(787) 773-5442

IR@evertecinc.com

Source: EVERTEC

FAQ

What is the dividend amount declared by EVERTEC?

EVERTEC declared a quarterly dividend of $0.05 per share.

When will EVERTEC's dividend be paid?

The dividend will be paid on June 3, 2022.

What is the record date for EVERTEC's dividend payment?

The record date for the dividend payment is May 2, 2022.

How often does EVERTEC declare dividends?

EVERTEC anticipates declaring dividends regularly, subject to Board approval.

What factors could affect future dividends from EVERTEC?

Future dividends may be adjusted based on business needs or market conditions.