EVERTEC Declares Quarterly Dividend on Common Stock

Rhea-AI Summary

EVERTEC, Inc. (NYSE: EVTC) has declared a quarterly dividend of $0.05 per share, set to be paid on March 26, 2021, to stockholders of record as of March 1, 2021. The Board of Directors anticipates future dividends may be declared regularly, depending on business needs and market conditions.

EVERTEC is a leading transaction processing company in Puerto Rico, the Caribbean, and Latin America, managing a system that processes over two billion transactions annually while offering essential payment processing and technology outsourcing services.

Positive

• Quarterly dividend of $0.05 per share enhances income for shareholders.
• Future dividends anticipated, demonstrating company confidence.

Negative

• Future dividend declarations are conditional on Board approval and market conditions.

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 to be paid on March 26, 2021 to stockholders of record as of March 1, 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 processing and business solutions services. The Company manages a system of electronic payment networks that process more than two billion transactions annually and offers a comprehensive suite of services for core bank processing, cash processing and technology outsourcing. In addition, EVERTEC owns and operates the ATH® network, one of the leading personal identification number (“PIN”) debit networks in Latin America. 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/20210218006033/en/

FAQ

What is the dividend amount declared by EVERTEC?

EVERTEC declared a quarterly dividend of $0.05 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on March 26, 2021.

Who is eligible for the dividend payment?

Stockholders of record as of March 1, 2021, are eligible for the dividend.

Will EVERTEC declare dividends regularly in the future?

The Board anticipates declaring dividends regularly, subject to approval and market conditions.