UPDATE: Sapiens (SPNS) Declares $0.20 Cash Dividend; 1.7% Yield

Sapiens (NASDAQ: SPNS) declared an cash dividend of $0.20 per share, or $0.2 annualized.

The dividend will be payable on October 30, 2018, to stockholders of record on October 16, 2018, with an ex-dividend date of October 15, 2018.

The yield on the dividend is 1.7 percent.

Roni Al Dor, President & CEO of Sapiens, noted: "Recent quarters have demonstrated solid execution against our well-defined corporate strategy. We continued with our progress towards expanding our P&C business in EMEA, and North America, while improving profitability. Our enhanced digital insurance offering along with our proven products and personnel are winning new business, where we are expanding our business with new and existing clients and building our pipeline for future growth. At the same time, our increased efficiency and our ability to more effectively leverage our global assets, has expanded margins and improved profitability.

"Our cash position and improved profitability enable us to pay a dividend once again to our shareholders," concluded Mr. Al Dor. "I would like to take this opportunity to thank our shareholders, customers, partners and employees for their continued loyalty and support."

For a dividend history and other dividend-related data on Sapiens (SPNS) click here.

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