Published on 29 May 2024 on Simply Wall St. via Yahoo Finance

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Looks Interesting, And It's About To Pay A Dividend

It looks like SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is about to go ex-dividend in the next 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. In other words, investors can purchase SS&C Technologies Holdings' shares before the 3rd of June in order to be eligible for the dividend, which will be paid on the 17th of June.

The company's next dividend payment will be US$0.24 per share. Last year, in total, the company distributed US$0.96 to shareholders. Based on the last year's worth of payments, SS&C Technologies Holdings stock has a trailing yield of around 1.6% on the current share price of US$60.88. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to check whether the dividend payments are covered, and if earnings are growing.