SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Free Report) announced a quarterly dividend on Monday, August 17th. Investors of record on Tuesday, September 1st will be paid a dividend of 0.30 per share by the technology company on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a 11.1% increase from SS&C Technologies’s previous quarterly dividend of $0.27.
SS&C Technologies has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 9 consecutive years. SS&C Technologies has a payout ratio of 18.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect SS&C Technologies to earn $6.96 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 17.2%.
SS&C Technologies Trading Down 0.1%
SS&C Technologies stock opened at $83.42 on Friday. SS&C Technologies has a 52 week low of $61.40 and a 52 week high of $90.26. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $19.57 billion, a price-to-earnings ratio of 23.97 and a beta of 1.07. The company has a 50 day moving average price of $73.49 and a 200 day moving average price of $71.04.
About SS&C Technologies
SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.
SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.
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