SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) declared quarterly dividend of $ 0.125 per share, or $ 0.50 annualized.
The dividend will be payable on September 15, 2020, to stockholders of record on September 1, 2020, with an ex-dividend date of August 28, 2020.
Bill Stone, Chairman and CEO, commented: SS&C is a strong company with powerful cash flow characteristics. We expect in 2020 to generate over $1 billion in operating cash flow, which represents a 30.0% compound annual growth rate over the past 10 years. Effective capital allocation is core to SS&Cs strategy, and we prioritize shareholder returns. In the absence of high quality acquisitions at a fair price, we will increase cash dividends, allocate more capital towards stock buybacks, and continue to pay down debt
Dividends History
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Stock Performance
According to the previous trading day, closing price of SSNC was $ 62.49, representing a 111.76 % increase from the 52 week low of $ 29.51 and a 6.37 % decrease over the 52 week high of $ 66.74.
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The company has a market capital of $ 16.06 billion and is part of the Technology sector and Software – Infrastructure industry.
SS&C Technologies Holdings, Inc. provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The companys products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.
