SS&C Technologies Holdings (SSNC) will raise its quarterly dividend by 12 percent to $0.07 per share. The new dividend will be 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 Technologies Holdings, Inc. is a provider of investment and financial software-enabled services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices worldwide. Financial services and healthcare organizations manage and account for their investments using SS&C's products and services. SSNC became a public company in 2010 and has been paying a dividend since 2014.