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 20, 2023, with a payment date scheduled for June 2, 2023. Stockholders must be on record by May 1, 2023 to receive this dividend. The Board of Directors plans to continue declaring dividends regularly, although future payments are contingent on Board approval and may be adjusted according to business needs or market conditions.

EVERTEC is a top transaction processing company in Puerto Rico, the Caribbean, and Latin America, managing over six billion transactions annually. It offers a variety of services, including merchant acquiring and payment services, and operates the ATH® PIN debit network.

Positive

• Regular quarterly dividend declared at $0.05 per share.
• Plans for future dividends indicate company confidence.
• Strong transaction processing capacity with over six billion transactions annually.

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 April 20, 2023 to be paid on June 2, 2023 to stockholders of record as of May 1, 2023.

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/20230420005961/en/

Investor

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.

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

The dividend will be paid on June 2, 2023.

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

The record date for the dividend payment is May 1, 2023.

Will EVERTEC continue to pay dividends in the future?

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