American Software, Inc. (NASDAQ: AMSWA) has recently announced that its Board of Directors has approved a quarterly dividend of $.11 per share. This dividend will be distributed to the Company’s Class A and Class B Shareholders, and it is payable to those shareholders who are on record as of November 17, 2023. The dividend is expected to be paid on or around December 1, 2023.
American Software, an Atlanta-based company, is known for its operating entity Logility, which provides various planning tools such as demand, inventory, manufacturing, and supply planning solutions. These tools help executives strengthen their margins and service levels while establishing sustainable supply chains. Some of the notable clients of American Software include Big Lots, Carter’s, Destination XL, and Jockey International, among others.
One of the key offerings of American Software is its cloud-based platform called Logility, which leverages artificial intelligence (AI) and predictive analytics to deliver integrated planning and operations across the end-to-end supply chain. The platform is designed to prioritize outcomes and drive team alignment. With over 800 customers in 80 countries, American Software’s solutions have gained recognition and acceptance worldwide.
In light of the announcement, American Software aims to provide value to its shareholders by returning a portion of its earnings through dividends. This move reflects the company’s commitment to delivering shareholder value and showcasing its financial stability and robust performance.
However, it is important to note that forward-looking statements have been issued by American Software, which indicate that there are risks and uncertainties that could affect the Company’s future performance. Factors such as economic uncertainty, market acceptance, technological complexity, and potential product liability or warranty claims may have an impact on the company’s results.
For further information and details regarding the dividend declaration and the risks associated with American Software’s operations, interested individuals can visit the company’s official website or contact the designated representative, Kevin Liu, at (626) 657-0013 or via email at kliu@amsoftware.com.
In conclusion, American Software, Inc. has declared a quarterly dividend of $.11 per share, demonstrating its commitment to creating value for its shareholders. With its innovative supply chain solutions and focus on integrating planning and operations, the company continues to position itself as a leading player in the industry. However, it is essential to consider the potential risks and uncertainties associated with the company’s operations as highlighted in its forward-looking statements.
