Santander Consumer USA Holdings Inc. Announces Second Quarter Dividend

Rhea-AI Summary

Santander Consumer USA Holdings Inc. (NYSE: SC) has declared a quarterly cash dividend of $0.22 per share for shareholders on record by May 10, 2021. The dividend will be payable on May 20, 2021. The company, based in Dallas, focuses on vehicle finance and serves over 3.1 million customers with an average managed asset portfolio of approximately $64 billion as of March 31, 2021. This dividend reflects the company's commitment to returning value to its shareholders.

Positive

• Quarterly cash dividend of $0.22 per share announced.
• Demonstrates company's commitment to shareholder returns.
• Average managed asset portfolio of approximately $64 billion.

Negative

• None.

DALLAS, April 30, 2021 /PRNewswire/ -- Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC" or the "Company"), today announced that the Board of Directors declared a quarterly cash dividend of $0.22 per share of common stock to shareholders of record as of May 10, 2021. The dividend will be payable on May 20, 2021.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements about our expectations, beliefs, plans, or future events are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipates," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "looking forward," "would," "hopes," "assumes," "estimates," "plans," "projects," "continuing," "ongoing," "expects," "intends," and similar words or phrases. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date on which the statements are made, these statements are not guarantees of future performance and involve risks and uncertainties that are subject to change based on various important factors and assumptions, some of which are beyond our control. Among the factors that could cause actual results to differ from those reflected in forward-looking statements include, without limitation, the risks and uncertainties described in the Company's filings with the Securities and Exchange Commission. New risks and uncertainties emerge from time to time, and it is not possible for the Company to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the Company's expectations, objectives or plans will be achieved in the timeframe anticipated or at all. Readers are cautioned not to place undue reliance on the Company's forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Any forward-looking statements only speak as of the date of this press release, and we undertake no obligation to update any forward-looking information or statements, whether written or oral, to reflect any change, except as required by law. All forward-looking statements attributable to us are expressly qualified by these cautionary statements.

SC, headquartered in Dallas, is a full-service consumer finance company focused on vehicle finance, third-party servicing and delivering superior service to our more than 3.1 million customers across the full credit spectrum. SC, which began originating retail installment contracts in 1997, had an average managed asset portfolio of approximately $64 billion (for the first quarter ended March 31, 2021). (www.santanderconsumerusa.com)

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SOURCE Santander Consumer USA Holdings Inc.

FAQ

What is the dividend amount declared by Santander Consumer USA Holdings Inc. in April 2021?

The declared dividend amount is $0.22 per share.

When will the dividend be payable for Santander Consumer USA Holdings Inc.?

The dividend will be payable on May 20, 2021.

Who is eligible to receive the dividend from Santander Consumer USA Holdings Inc.?

Shareholders of record as of May 10, 2021, are eligible to receive the dividend.