SS&C Technologies Holdings (SSNC) will raise its quarterly dividend by 14.3 percent to $0.08 per share in 2018.
This follows a 12.0 percent dividend hike by the software company last year.
The next dividend is payable on September 18, 2018 to stockholders of record as of the close of business on September 4, 2018. The new annual dividend of 32 cents per share yields 0.5% at a stock price of $59.34.
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.