SS&C Increases Its Common Stock Dividend to $0.14 Per Quarter
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced a quarterly dividend increase from $0.125 to $0.14 per share, payable on September 15, 2020, to shareholders of record by September 1, 2020. The company expects to generate over $1 billion in operating cash flow for 2020, reflecting a 30% compound annual growth rate over the past decade. CEO Bill Stone emphasized effective capital allocation, focusing on shareholder returns through increased dividends, stock buybacks, and debt repayment.
- Quarterly dividend increased from $0.125 to $0.14 per share.
- Expecting over $1 billion in operating cash flow for 2020.
- 30% compound annual growth rate in operating cash flow over the past 10 years.
- Strong focus on shareholder returns through dividends and buybacks.
- None.
WINDSOR, Conn., Aug. 19, 2020 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that its Board of Directors has approved a quarterly dividend payout of
Bill Stone, Chairman and CEO, commented: "SS&C is a strong company with powerful cash flow characteristics. We expect in 2020 to generate over
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 18,000 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
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