SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that, consistent with the previously announced quarterly dividend policy, its Board of Directors has approved an increased quarterly dividend to $0.07 per share, payable on September 15, 2017 to stockholders of record as of the close of business on September 1, 2017.
"The board of directors has decided to increase the cash dividend, a reflection of our commitment to returning capital to our shareholders. This action is being taken in light of our strong balance sheet and the powerful cash generating aspects of our business model," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "We continue to be very interested in acquiring complementary businesses and we believe we have sufficient financial capacity to be a consolidator in the financial technology sector."
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 11,000 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.