Ebix Inc (NASDAQ:EBIX) declared a quarterly dividend on Wednesday, February 19th, Zacks reports. Stockholders of record on Monday, March 2nd will be paid a dividend of 0.075 per share by the technology company on Monday, March 16th. This represents a $0.30 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, February 28th.
Ebix has a payout ratio of 6.9% meaning its dividend is sufficiently covered by earnings.
Shares of EBIX stock opened at $29.27 on Thursday. The firm’s 50 day moving average price is $35.18 and its 200-day moving average price is $36.80. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.50 and a current ratio of 1.50. Ebix has a one year low of $28.80 and a one year high of $63.89. The firm has a market cap of $925.85 million, a P/E ratio of 10.76 and a beta of 1.56.
Ebix, Inc provides software and e-commerce solutions to insurance, finance, healthcare, and e-learning industries. It offers software development, customization, and consulting services to various entities in the insurance industry, including carriers, brokers, exchanges, and standard making bodies. The company operates data exchanges in the areas of finance, travel, life insurance, annuities, employee health benefits, risk management, workers compensation, insurance underwriting, and property and casualty (P&C) insurance.
Featured Article: Percentage Decliners
Receive News & Ratings for Ebix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ebix and related companies with MarketBeat.com's FREE daily email newsletter.