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Author: 1dms Big red star, 1000 posts Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 332  
Subject: EBIX BoD Raises the Quarterly Dividend by 50% Date: 11/9/2012 2:30 PM
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ATLANTA, Nov. 8, 2012 (GLOBE NEWSWIRE) -- Ebix, Inc. (EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance industry, today announced that its Board of Directors has increased the quarterly dividend by 50% to $0.075. The increase will take effect with the February 2013 dividend payment. The record date and payment date will be announced in February.

Ebix Chairman and CEO Robin Raina said, "The second increase in the dividend in 2012, after the Board of Directors authorized our first dividend payment in November 2011, reflects the strength of our business in 2012, our Net Income and EPS announced earlier today. The Board remains confident in the sustainability of the Company's Free Cash Flow to be used to grow Ebix through reinvestment in the core business as well as return capital to shareholders through stock repurchases and dividends."
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