Ebix, Inc. (NASDAQ: EBIX) said its board of directors has declared a quarterly dividend of USD0.075 per outstanding share of the company´s common stock.
The dividend is payable March 14, 2014, to shareholders of record at the close of business on February 20, 2014.
Ebix said the dividend announcement reflects its strong liquid cash reserves of approximately USD57m as of December 31, 2013, and is consistent with the company´s goal of delivering profitable growth for all stakeholders.
An international supplier of on-demand software and e-commerce services to the insurance industry, Ebix provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and BPO services to custom software development for all entities involved in the insurance industry. Its website is at www.ebix.com