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SS&C Increases Common Stock Dividend to $0.25 Per Share

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SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has announced an increase in its quarterly dividend from $0.24 to $0.25 per share. The dividend will be payable on September 16, 2024, to stockholders of record as of September 3, 2024. This decision reflects the company's strong financial performance, with net cash from operating activities reaching $385 million in the second quarter, a 16.8% increase year-over-year. CEO Bill Stone emphasized the company's commitment to creating long-term shareholder value through prudent cash flow management and strategic capital allocation.

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) ha annunciato un aumento del suo dividendo trimestrale da $0,24 a $0,25 per azione. Il dividendo sarà pagabile il 16 settembre 2024, agli azionisti registrati al 3 settembre 2024. Questa decisione riflette la forte performance finanziaria dell'azienda, con cash flow netto dalle attività operative che ha raggiunto i 385 milioni di dollari nel secondo trimestre, un aumento del 16,8% rispetto all'anno precedente. Il CEO Bill Stone ha sottolineato l'impegno dell'azienda a creare valore per gli azionisti a lungo termine attraverso una gestione prudente del flusso di cassa e un'allocazione strategica del capitale.

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) ha anunciado un aumento en su dividendo trimestral de $0.24 a $0.25 por acción. El dividendo será pagadero el 16 de septiembre de 2024, a los accionistas registrados a partir del 3 de septiembre de 2024. Esta decisión refleja el sólido rendimiento financiero de la empresa, con efectivo neto de actividades operativas alcanzando los 385 millones de dólares en el segundo trimestre, un aumento del 16.8% interanual. El CEO Bill Stone enfatizó el compromiso de la empresa de crear valor a largo plazo para los accionistas a través de una gestión prudente del flujo de efectivo y una asignación estratégica de capital.

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC)는 분기 배당금을 $0.24에서 $0.25 per share로 인상한다고 발표했습니다. 배당금은 2024년 9월 16일에 지급되며, 2024년 9월 3일 기준 주주들에게 지급됩니다. 이 결정은 회사의 강력한 재무 성과를 반영하며, 운영 활동에서 발생한 순 현금이 3억 8500만 달러에 달했습니다는 것이며, 이는 전년 대비 16.8% 증가한 수치입니다. CEO 빌 스톤은 장기적인 주주 가치를 창출하기 위한 회사의 의지를 강조하며, 신중한 현금 흐름 관리와 전략적 자본 배분의 중요성을 강조했습니다.

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) a annoncé une augmentation de son dividende trimestriel, passant de 0,24 $ à 0,25 $ par action. Le dividende sera payable le 16 septembre 2024, aux actionnaires inscrits au 3 septembre 2024. Cette décision reflète la forte performance financière de l'entreprise, avec des flux de trésorerie nets provenant des activités opérationnelles atteignant 385 millions de dollars au cours du deuxième trimestre, soit une augmentation de 16,8 % par rapport à l'année précédente. Le PDG Bill Stone a souligné l'engagement de l'entreprise à créer de la valeur à long terme pour les actionnaires grâce à une gestion prudente des flux de trésorerie et à une allocation stratégique du capital.

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) hat eine Erhöhung seiner vierteljährlichen Dividende von $0,24 auf $0,25 pro Aktie angekündigt. Die Dividende wird am 16. September 2024 an die Aktionäre ausgezahlt, die am 3. September 2024 im Aktienregister stehen. Diese Entscheidung spiegelt die starke finanzielle Leistung des Unternehmens wider, wobei der Nettocashflow aus operativen Aktivitäten im zweiten Quartal 385 Millionen Dollar erreichte, was einem 16,8%igen Anstieg im Jahresvergleich entspricht. CEO Bill Stone betonte das Engagement des Unternehmens, langfristigen Wert für die Aktionäre durch eine kluge Cashflow-Management und strategische Kapitalallokation zu schaffen.

Positive
  • Increased quarterly dividend from $0.24 to $0.25 per share
  • Net cash from operating activities grew 16.8% year-over-year to $385 million in Q2
  • Demonstrates commitment to returning value to shareholders
Negative
  • None.

WINDSOR, Conn., Aug. 21, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced its Board of Directors has approved a quarterly dividend payout of $0.25 per share, up from $0.24 per share. The dividend is payable on September 16, 2024, to stockholders of record as of the close of business on September 3, 2024.

Bill Stone, Chairman and CEO, commented: "SS&C continues to grow, generating net cash from operating activities of $385 million in the second quarter – up 16.8% from the same period a year ago. Our goal is to create long-term shareholder value, which includes increases to our dividend as part of our capital allocation strategy. SS&C sees many opportunities ahead, and we will continue to exercise prudent cash flow management."

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.

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

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SOURCE SS&C

FAQ

What is the new quarterly dividend for SS&C Technologies (SSNC)?

SS&C Technologies (SSNC) has increased its quarterly dividend to $0.25 per share, up from $0.24 per share.

When will SS&C Technologies (SSNC) pay its next dividend?

SS&C Technologies (SSNC) will pay its next dividend on September 16, 2024, to stockholders of record as of the close of business on September 3, 2024.

How much did SS&C Technologies' (SSNC) net cash from operating activities grow in Q2 2024?

SS&C Technologies' (SSNC) net cash from operating activities grew by 16.8% year-over-year, reaching $385 million in the second quarter of 2024.

Why did SS&C Technologies (SSNC) increase its dividend?

SS&C Technologies (SSNC) increased its dividend as part of its capital allocation strategy to create long-term shareholder value, reflecting the company's continued growth and strong cash flow generation.

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