other_material
confidence high
sentiment positive
materiality 0.70
SS&C increases stock repurchase program to $1.5B, declares $0.25/share dividend
SS&C Technologies Holdings Inc
- Board authorized $1.5B share repurchase program, a 50% increase over the prior authorization.
- Quarterly dividend of $0.25 per share declared, payable June 16, 2025 to holders of record June 2, 2025.
- Repurchase program valid for one year; management may repurchase shares on open market or via Rule 10b5-1 plan.
- CEO Stone stated current share price undervalues SS&C's financial strength and future prospects.
- Stockholders approved the Second Amended and Restated 2023 Stock Incentive Plan, adding 6,000,000 shares.
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