WINDSOR, Conn. - SS&C Technologies Holdings, Inc. (NASDAQ:SSNC), a prominent provider of software and services for the financial services and healthcare sectors, has declared a quarterly dividend of $0.24 per share. The company's Board of Directors confirmed that the dividend will be distributed on June 17, 2024, to shareholders of record by the end of business on June 3, 2024.
This announcement follows SS&C Technologies' established practice of quarterly dividend payouts and reflects the company's commitment to providing returns to its investors. The dividend policy is part of SS&C's broader financial strategy, which aims to balance reinvestment in the business with shareholder compensation.
SS&C Technologies, founded in 1986 and based in Windsor, Connecticut, serves a diverse clientele including some of the largest global corporations as well as smaller, mid-market firms. The company's reach extends internationally with offices around the world, catering to approximately 20,000 organizations in the financial and healthcare industries.
The information in this article is based on a press release.
InvestingPro Insights
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) recently affirmed its commitment to shareholder returns with the announcement of its upcoming quarterly dividend. As investors consider the implications of this dividend distribution, several key metrics and insights from InvestingPro provide a deeper understanding of the company's financial health and future prospects.
InvestingPro data highlights SS&C Technologies' solid financial footing with a market capitalization of $15.76 billion and a Price/Earnings (P/E) ratio of 24.66, indicating investor confidence in the company's earnings potential. The company's gross profit margin stands at an impressive 49.14% for the last twelve months as of Q1 2024, underscoring its efficiency in generating revenue above the cost of goods sold. Additionally, SS&C's revenue growth of 5.31% in Q1 2024 reflects its ability to expand its top-line earnings in a competitive market.
Among the InvestingPro Tips, two are particularly noteworthy for shareholders: SS&C has raised its dividend for 7 consecutive years, suggesting a reliable and growing income stream for investors. Furthermore, the company's net income is expected to grow this year, which may provide a solid foundation for future dividends and potential stock price appreciation.
For investors seeking further insights and analysis, InvestingPro offers more tips on SS&C Technologies, including the company's low price volatility and analysts' profitability predictions for the year. To access these additional insights, visit https://www.investing.com/pro/SSNC and consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking a wealth of investment knowledge and data to guide your financial decisions.
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