Solera Holdings (SLH) Boosts Dividend 14.7% to 78c/Share

Solera Holdings (NYSE: SLH) announced that it increased of its quarterly dividend per share of outstanding common stock and per outstanding restricted stock unit. The increase will be effective for Solera's fiscal year 2015 and translates into an annual rate of $0.78 cents per share of outstanding common stock and per outstanding restricted stock unit, up from Solera's fiscal 2014 annual rate of $0.68.

"I'm pleased to announce this fifth consecutive annual increase since the initiation of our dividend in 2010. This increase is consistent with our disciplined capital allocation practice that includes M&A, dividend payments and stock repurchases, primarily to offset equity dilution," said Tony Aquila, founder, Chairman and CEO of Solera Holdings, Inc. "This increase recognizes our profitable growth and the confidence we have in our ability to achieve Mission 2020 while returning cash to stockholders."

You May Also Be Interested In

• Stewart Information Services (STC) Raises Quarterly Dividend 4.8% to $0.55; 3.1% Yield
• Curaleaf pushes back on Aurora's rejection of takeover bid
• Quanta Services (PWR) Declares $0.11 Quarterly Dividend; 0.1% Yield