Ebix Raises Dividend by 50%

The business software provider starts 2013 with a hefty boost in its payout.

Eric Volkman
Eric Volkman
Feb 1, 2013 at 6:54PM
Technology and Telecom

Ebix (NASDAQ:EBIX) has announced a sharp increase in its quarterly dividend. The company will pay $0.075 per share on February 28 to stockholders of record as of February 15. The new payout is a 50% lift from the $0.05 Ebix had paid in the last three quarters. Prior to that, the company disbursed $0.04 per share.

At an annualized rate, the new payout represents a yield of 1.8% on Ebix' current stock price.

In spite of high margins on growing profitability, the company's shares trade near their one-year low at the moment. This may be at least partially due to the news disclosed last autumn that it was under investigation by the SEC over its accounting practices.