SS&C Technologies Holdings (SSNC) will raise its quarterly dividend by 14.3 percent to 16 cents per share in 2021. This follows a 12 percent hike to 14 cents per share in 2020 by the software and services provider for the financial services and healthcare industries last year. This year's dividend hike will mark 5 consecutive years of dividend increases for SS&C Technologies.
The next dividend of $0.16 per share is payable on March 15, 2021, to stockholders of record as of the close of business on March 1, 2021. The new annual dividend of 64 cents per share yields 0.9% at a stock price of $68.98 for SS&C Technologies.
SS&C Technologies Holdings, Inc. is a provider of investment and financial software-enabled services and software for the financial services and healthcare industries. The companies customers range from the world's largest companies to small and mid-market firms. 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.