HOLON, Israel, Sept. 20, 2018 /PRNewswire/ -- Sapiens
International Corporation N.V. (NASDAQ: SPNS) (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, announced today that its board of directors has approved
the payment of a cash dividend of $0.20 per share. The dividend, which amounts to
approximately $10.0 million in the
aggregate, will be paid on Tuesday, October
30, 2018 to Sapiens' shareholders of record as of
October 16, 2018.
![Sapiens Logo Sapiens Logo](http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg)
Roni Al Dor, President & CEO
of Sapiens, noted: "Recent quarters have demonstrated solid
execution against our well-defined corporate strategy. We continued
with our progress towards expanding our P&C business in EMEA,
and North America, while improving
profitability. Our enhanced digital insurance offering along with
our proven products and personnel are winning new business, where
we are expanding our business with new and existing clients and
building our pipeline for future growth. At the same time, our
increased efficiency and our ability to more effectively leverage
our global assets, has expanded margins and improved
profitability.
"Our cash position and improved profitability enable us to pay a
dividend once again to our shareholders," concluded Mr. Al Dor. "I
would like to take this opportunity to thank our shareholders,
customers, partners and employees for their continued loyalty and
support."
About Sapiens
Sapiens International Corporation is a leading global provider
of software solutions for the insurance industry, with a 30-year
track record of delivering to more than 400 organizations. The
company offers software platforms, solutions and services,
including a full digital suite, to satisfy the needs of property
and casualty/general insurers, and life, pension and annuity
providers. Sapiens also services the reinsurance, workers'
compensation, financial and compliance, and decision management
markets.
The company's portfolio includes policy administration, billing
and claims, underwriting, illustration and electronic application.
The digital suite features customer and agent portals, and a
business intelligence platform. For more information:
www.sapiens.com.
Forward Looking Statements
Some of the statements in this press release may constitute
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities and
Exchange Act of 1934 and the United States Private Securities
Litigation Reform Act of 1995. Words such as "will," "expects,"
"believes" and similar expressions are used to identify these
forward-looking statements (although not all forward-looking
statements include such words). These forward-looking statements,
which may include, without limitation, projections regarding our
future performance and financial condition, are made on the basis
of management's current views and assumptions with respect to
future events. Any forward-looking statement is not a guarantee of
future performance and actual results could differ materially from
those contained in the forward-looking statement. These statements
speak only as of the date they were made, and we undertake no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
We operate in a changing environment. New risks emerge from time to
time and it is not possible for us to predict all risks that may
affect us. For more information regarding these risks and
uncertainties as well as certain additional risks that we face, you
should refer to the Risk Factors detailed in Item 3 of our Annual
Report on Form 20-F for the year ended December 31, 2017 and subsequent reports and
registration statements filed periodically with the Securities and
Exchange Commission.
Investor and Media Contact:
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Corporate Communications
Sapiens International
Mobile: +1-201-250-9414
Phone: +972-3-790-2026
Email: Yaffa.cohen-ifrah@sapiens.com
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SOURCE Sapiens International Corporation