SS&C Announces Common Stock Dividend of $0.24 Per Share

Rhea-AI Summary

SS&C Technologies Holdings, Inc. (SSNC) declares a quarterly dividend of $0.24 per share, in line with its dividend policy.

Insights

Financial Analyst

The announcement of SS&C Technologies Holdings' quarterly dividend payout is a significant indicator of the company's financial health and its commitment to shareholder returns. A consistent dividend policy suggests a stable cash flow position, which can be a sign of a mature and well-managed company. Investors often view regular dividends as a positive signal, as it implies confidence from management in the company's ongoing ability to generate earnings.

However, the dividend yield, calculated by annualizing the quarterly dividend and dividing it by the stock's price, is a critical factor in assessing the attractiveness of the dividend. If the yield is competitive relative to industry peers and fixed income alternatives, it can attract income-focused investors, potentially providing support for the stock price. On the other hand, if the yield is lower than what can be obtained elsewhere, the impact on the stock might be muted.

Market Research Analyst

From a market perspective, SS&C Technologies Holdings' dividend consistency must be weighed against the backdrop of the broader economic environment. For instance, in a rising interest rate scenario, dividend-paying stocks might become less attractive compared to risk-free alternatives like government bonds. Conversely, in a low-interest-rate environment, such stocks could be in higher demand.

It is also important to consider the company's payout ratio, which is the proportion of earnings paid out as dividends. A sustainable payout ratio indicates that the company retains enough earnings for growth while rewarding shareholders. An excessively high payout ratio could signal potential cash flow issues in the future, which would be a red flag for investors.

WINDSOR, Conn., Feb. 15, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced its Board of Directors has approved a quarterly dividend payout of $0.24 per share, consistent with its quarterly dividend policy. The dividend is payable on March 15, 2024, to stockholders of record as of the close of business on March 1, 2024.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

SOURCE: SS&C

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

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SOURCE SS&C

FAQ

What is the quarterly dividend payout announced by SS&C Technologies Holdings, Inc.?

SS&C Technologies Holdings, Inc. has approved a quarterly dividend payout of $0.24 per share.

When is the dividend payable to stockholders?

The dividend is payable on March 15, 2024.

What is the record date for stockholders to receive the dividend?

Stockholders of record as of the close of business on March 1, 2024, are eligible to receive the dividend.