EVERTEC Declares Quarterly Dividend on Common Stock

Rhea-AI Summary

EVERTEC, Inc. (NYSE: EVTC) has declared a quarterly dividend of $0.05 per share on October 20, 2022, payable on December 2, 2022, to shareholders recorded by November 1, 2022. The Board anticipates future dividend declarations, subject to approval and potential adjustments based on business and market conditions. EVERTEC provides transaction processing services across Puerto Rico, the Caribbean, and Latin America, operating the ATH® network and processing over three billion transactions annually. The company serves a diverse clientele including financial institutions and government agencies.

Positive

• Quarterly dividend declared at $0.05 per share, reflecting company confidence.
• Future dividends anticipated, indicating stable cash flow expectations.

Negative

• None.

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 October 20, 2022 to be paid on December 2, 2022 to stockholders of record as of November 1, 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/20221021005424/en/

Investor Contact

Beatriz Brown-Sáenz

(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 the dividend be paid to shareholders?

The dividend will be paid on December 2, 2022.

What is the record date for EVERTEC's dividend?

The record date for the dividend is November 1, 2022.

Will EVERTEC continue to declare dividends in the future?

The Board anticipates future dividend declarations, though they are subject to approval.

How many transactions does EVERTEC process annually?

EVERTEC processes over three billion transactions annually.