Ebix Inc (EBIX) plummets on dividend news
Ebix Inc (NASDAQ: EBIX) shares dropped 11.3% to $12.42. The company began trading ex-dividend on February 13. A cash dividend payment of $0.075 per share is scheduled to be paid on February 28. Shareholders who purchased EBIX stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents a 50% increase over the prior quarter. Share volume was 1.4 million, nearly tripling its all-day average
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