Ebix, Inc. (NASDAQ:EBIX – Get Rating) declared a quarterly dividend on Wednesday, November 23rd, Zacks reports. Stockholders of record on Monday, December 5th will be paid a dividend of 0.075 per share by the technology company on Friday, December 16th. This represents a $0.30 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, December 2nd.
Ebix has a dividend payout ratio of 10.0% meaning its dividend is sufficiently covered by earnings.
Ebix Stock Performance
Shares of NASDAQ EBIX traded up $0.26 during trading on Thursday, reaching $19.36. The stock had a trading volume of 226,825 shares, compared to its average volume of 905,361. Ebix has a fifty-two week low of $12.50 and a fifty-two week high of $44.42. The company has a market cap of $598.22 million, a P/E ratio of 8.27 and a beta of 2.55. The business’s 50-day moving average price is $19.54 and its 200-day moving average price is $22.21.
Institutional Trading of Ebix
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of Ebix in a report on Wednesday, October 12th. They issued a “hold” rating for the company.
Ebix, Inc, together with its subsidiaries, provides on-demand infrastructure software exchanges and e-commerce services to the insurance, financial, travel, and healthcare industries in the United States and internationally. It develops and deploys insurance and reinsurance exchanges; provides software-as-a-service (SaaS) enterprise solutions in the areas of customer relationship management, and front-end and back-end systems; and offers outsourced administrative and risk compliance solutions.
- Get a free copy of the StockNews.com research report on Ebix (EBIX)
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