EVERTEC Declares Quarterly Dividend on Common Stock

Rhea-AI Summary

EVERTEC, Inc. (NYSE: EVTC) announced a quarterly dividend of $0.05 per share on April 22, 2021, payable on June 4, 2021, to stockholders of record as of May 3, 2021. The Board expressed intentions to continue this dividend in the future, subject to adjustments based on business needs and market conditions. EVERTEC operates as a leading transaction processing business in Puerto Rico, the Caribbean, and Latin America, facilitating approximately three billion transactions annually across various payment services.

Positive

• Quarterly dividend of $0.05 per share declared, enhancing shareholder income.
• Strong operational base processing approximately three billion transactions annually, demonstrating market presence.

Negative

• Future dividends are subject to approval and could be adjusted, reflecting potential uncertainties.

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 22, 2021 to be paid on June 4, 2021 to stockholders of record as of May 3, 2021.

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 approximately 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/20210422005890/en/

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 4, 2021.

Who are the stockholders of record for EVERTEC's dividend?

Stockholders of record as of May 3, 2021, will receive the dividend.

Will EVERTEC continue to pay dividends in the future?

The Board anticipates declaring dividends in future quarters, but it is subject to approval and may vary based on business conditions.