TTEC Declares $2.14 Per Share Special Cash Dividend

Rhea-AI Summary

TTEC Holdings, Inc. (NASDAQ: TTEC) declared a special one-time cash dividend of $2.14 per share, amounting to approximately $100 million. This dividend is set to be paid on December 30, 2020, to shareholders of record as of December 18, 2020. The decision reflects strong financial performance and cash flow, enhancing shareholder value in alignment with TTEC's capital management strategy. TTEC continues to execute its growth priorities while maintaining market leadership.

Positive

• One-time cash dividend of $2.14 per share totaling approximately $100 million.
• Strong year-to-date financial performance and cash flow.
• Alignment of dividend payment with long-term capital management strategy.

Negative

• None.

DENVER, Dec. 3, 2020 /PRNewswire/ -- TTEC Holdings, Inc. (NASDAQ: TTEC), a leading global Customer Experience as a Service (CXaaS) partner for many of the world's most iconic and disruptive brands, announced that its Board of Directors today declared a special, one-time cash dividend of $2.14 per share of TTEC common stock, or approximately $100 million. The dividend is payable on December 30, 2020 to shareholders of record as of December 18, 2020.

"Our exceptionally strong year-to-date financial performance, cash flow and balance sheet strength, and favorable outlook supports our decision to return additional capital in the form of a special cash dividend to our stockholders," said Ken Tuchman, TTEC's chairman and chief executive officer. "This special dividend alongside our regular semi-annual dividend aligns with our long-term capital management plan, while prudently continuing to execute under our strategic priorities of maintaining our market leadership and investing in our organic and inorganic growth."

About TTEC 
TTEC Holdings, Inc. (NASDAQ: TTEC) is a leading digital customer experience (CX) technology and services company focused on the design, implementation, and delivery of transformative solutions for many of the world's most iconic and disruptive brands and government agencies. The Company delivers outcome-based customer engagement solutions through TTEC Digital, its digital consultancy that designs and builds human centric, tech-enabled, insight-driven customer experience solutions for clients and TTEC Engage, its delivery center of excellence, that operates customer acquisition, care, fraud prevention and detection, and content moderation services. Founded in 1982, the Company's 56,200 employees operate on six continents across the globe and live by a set of customer-focused values that guide relationships with clients, their customers, and each other. To learn more about how TTEC is bringing humanity to the customer experience, visit www.ttec.com

Investor Contact Paul Miller +1.303.397.8641

Media Contact Nick Cerise +1.303.397.8331

Address 9197 South Peoria Street Englewood, CO 80112

Contact ttec.com +1.800.835.3832

 

 

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SOURCE TTEC Holdings, Inc.

FAQ

What is the special cash dividend amount declared by TTEC?

TTEC declared a special cash dividend of $2.14 per share.

When will TTEC's special dividend be paid?

The special dividend will be paid on December 30, 2020.

What date is the record for TTEC's special dividend?

The record date for the special dividend is December 18, 2020.

How much is TTEC's total special dividend payout?

The total special dividend payout is approximately $100 million.

How does TTEC's dividend align with its financial strategy?

The dividend aligns with TTEC's long-term capital management plan and reflects strong financial performance.