Ebix, Inc. (NASDAQ:EBIX) will begin trading ex-dividend on September 1, 2020. The quarterly dividend payment of $ 0.075 per share is scheduled to be paid on September 16, 2020. The dividend yield based on the latest trading day closing price was 1.21 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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Ebix, Inc. recently reported second quarter financial results on August 7, 2020, before market open, the Johns Creek based company came out with income for the second quarter of $ 0.88 per share, from the revenue of $ 111.31 million. The quarterly earnings contracted 6.38 percent while revenues reduced 22.85 percent compared with the same quarter last year.
According to street consensus, EBIX was expected to report 2Q20 income of $ 0.38 per share from revenue of $ 110.95 million. The bottom line results beat street analysts by $ 0.5 or 131.58 percent, at the same time, top line results outshined analysts by $ 0.36 million or 0.32 percent.
Stock Performance
Shares of Ebix, Inc. traded up $ 1.57 or 6.77 percent on Friday, reaching $ 24.75 with volume of 351.40 thousand shares. Ebix, Inc. has traded high as $ 24.91 and has cracked $ 23.08 on the downward trend
According to the previous trading day, closing price of $ 24.75, representing a 164.91 % increase from the 52 week low of $ 8.75 and a 49.74 % decrease over the 52 week high of $ 46.12.
The company has a market capital of $ 765.09 million and is part of the Technology sector and Software – Application industry.
Ebix, Inc. provides software and e-commerce solutions to insurance, finance, healthcare, and e-learning industries. It offers software development, customization, and consulting services to various entities in the insurance industry, including carriers, brokers, exchanges, and standard making bodies.
