SS&C Announces $1.5 Billion Stock Repurchase Program, Common Stock Dividend of $0.27 Per Share
Under the renewed program, the Company’s proposed repurchases may be made from time to time in one or more transactions on the open market or in privately negotiated purchase and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations promulgated under the Securities Exchange Act of 1934, as amended.
The timing and amount of any shares repurchased will be determined by the Company's management based on its evaluation of market conditions and other factors. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The repurchase program may be suspended or discontinued at any time. Any repurchased shares will be available for use in connection with the
The Board also approved a quarterly dividend payout of
“SS&C has a strong business model and robust pipelines of opportunities, with AI as a structural tailwind for our business. We believe the current share price undervalues SS&C’s financial strength and future prospects,” said
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