- SS&C Technologies (SSNC, Financial) expands its stock repurchase program by 50% to $1.5 billion.
- The company declares a Q2 2025 dividend of $0.25 per share, payable on June 16, 2025.
- The repurchase program is part of SS&C's strategy to enhance shareholder value.
SS&C Technologies Holdings, Inc. (SSNC) has announced a 50% increase in its stock repurchase program, allowing the company to buy back up to $1.5 billion worth of its outstanding common shares. This expansion is aimed at maximizing shareholder value as part of the company's long-term strategy. The buybacks can occur in multiple transactions either on the open market or through privately negotiated purchases, depending on market conditions and regulatory guidelines.
The timing and total amount of shares repurchased will be determined by the company's management, who will consider market conditions and other relevant factors. SS&C plans to use share repurchases along with debt repayment while maintaining the ability to pursue high-quality acquisitions. The program's authority extends until the one-year anniversary of the board's authorization unless terminated earlier by the board.
Additionally, SS&C has declared a quarterly dividend payout of $0.25 per share for Q2 2025, consistent with its ongoing dividend policy. The dividend is scheduled for distribution on June 16, 2025, to shareholders of record as of June 2, 2025.
SS&C Technologies, headquartered in Windsor, Connecticut, provides services and software solutions for the financial services and healthcare industries. The company employs over 22,000 professionals worldwide, supporting more than 22,000 organizations with expertise, scale, and technology.
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