SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Free Report) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Monday, June 1st will be paid a dividend of 0.27 per share by the technology company on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, June 1st.
SS&C Technologies has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 9 years. SS&C Technologies has a dividend payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect SS&C Technologies to earn $6.87 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 15.7%.
SS&C Technologies Trading Down 0.4%
Shares of SSNC stock opened at $66.95 on Friday. The company has a market cap of $16.12 billion, a P/E ratio of 20.73 and a beta of 1.12. The stock has a 50 day simple moving average of $69.02 and a two-hundred day simple moving average of $77.74. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.10 and a current ratio of 1.10. SS&C Technologies has a fifty-two week low of $64.51 and a fifty-two week high of $91.07.
SS&C Technologies Company Profile
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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