SS&C Increases Its Common Stock Dividend to $0.20 Per Quarter

Rhea-AI Summary

SS&C Technologies has announced a quarterly dividend increase to $0.20 per share, up from $0.16. The dividend will be paid on December 15, 2021, to shareholders on record by December 1, 2021. CEO Bill Stone highlighted strong operational performance, reporting $944.8 million in net cash from operating activities for the first nine months of 2021. This decision reflects the company’s commitment to a shareholder-friendly capital allocation strategy amid ongoing market challenges.

Positive

• Dividend increased from $0.16 to $0.20 per share.
• Strong operational cash flow of $944.8 million for the first nine months of 2021.
• Commitment to shareholder-friendly capital allocation strategy.

Negative

• None.

WINDSOR, Conn., Nov. 16, 2021 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that its Board of Directors has approved a quarterly dividend payout of $0.20 per share, up from $0.16 per share. The dividend is payable on December 15, 2021, to stockholders of record as of the close of business on December 1, 2021.

Bill Stone, Chairman and CEO, commented: "SS&C's business is running on all cylinders, generating net cash from operating activities of $944.8 million for the nine months ended September 30, 2021. We remain committed to a shareholder-friendly capital allocation strategy. SS&C will continue to exercise prudent cash flow management as we navigate the challenges and opportunities of the current market environment."

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

FAQ

What is the new dividend amount for SSNC?

The new dividend amount for SSNC is $0.20 per share.

When will SSNC's dividend be paid?

SSNC's dividend will be paid on December 15, 2021.

What was SSNC's net cash from operating activities?

SSNC reported $944.8 million in net cash from operating activities for the nine months ended September 30, 2021.

What is the record date for SSNC's dividend?

The record date for SSNC's dividend is December 1, 2021.