SS&C Technologies (SSNC) Declares $0.25 Quarterly Dividend; Approves $1.5B Buyback

SS&C Technologies (NASDAQ: SSNC) declared a quarterly dividend of $0.25 per share, or $1 annualized.

The dividend will be payable on June 16, 2025, to stockholders of record on June 2, 2025, with an ex-dividend date of May 30, 2025.

The annual yield on the dividend is 1.3 percent.

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that as part of the Company's long-term strategy to maximize stockholder value, its Board of Directors has authorized a renewal of its stock repurchase program. The expanded program will enable the Company to repurchase up to $1.5 billion in aggregate of the Company’s outstanding shares of common stock and represents a 50% increase in authorization amount compared to last year.

Under the renewed program, the Company’s proposed repurchases may be made from time to time in one or more transactions on the open market or in privately negotiated purchase and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations promulgated under Securities Exchange Act of 1934, as amended.

The timing and amount of any shares repurchased will be determined by the Company's management based on its evaluation of market conditions and other factors. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The repurchase program may be suspended or discontinued at any time. Any repurchased shares will be available for use in connection with the SS&C's stock plans and for other corporate purposes. The Company's authority to repurchase shares under the renewed program shall continue until the one year anniversary of the Board's authorization, unless earlier terminated by the Board.

“SS&C has a strong business model, and we believe the current share price undervalues SS&C’s financial strength and future prospects,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Capital allocation to maximize shareholder value remains our priority. We will use the cash flow to opportunistically repurchase stock and pay down debt, while maintaining the flexibility to pursue high-quality acquisitions.”

For a dividend history and other dividend-related data on SS&C Technologies (SSNC) click here.

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