SS&C Technologies Holdings (SSNC) will raise its quarterly dividend by another 25.0 percent to $0.125 per share in 2019.

This marks the second dividend hike in 2019 and the 3rd consecutive year of dividend increases by the software company.

The next dividend is payable on December 16, 2019, to stockholders of record as of the close of business on December 2, 2019. The new annual dividend of $0.50 per share yields 0.8% at a stock price of $59.

Bill Stone, Chairman and CEO, commented: "SS&C is confident in its business and strong cash flow characteristics. We feel this is a good use of our cash and we enjoy creating shareholder returns."

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.