Solera Increases Dividend By 20%

Solera Holdings [[SLH]] announced today that the company will increase their quarterly dividend by 20% to $.30 per share.

 

Following the dividend increase, SLH shares will yield 0.8% based on today’s closing price.

 

Tony Aquila, founder, chairman and CEO of Solera Holdings, Inc. “An annual review of our dividend is an essential component of our capital allocation strategy, and I’m pleased to announce this increase. This increase reflects our continued strong financial performance, confidence in our cash generation capabilities and commitment to enhancing total stockholder returns while we maintain our focus on our M&A strategy.”

 

Solera shares have gained 2.7% this year and have outperformed the 4% decline in the S&P 500 index.

 

The dividend will be payable on September 22, 2010 to shareholders of record as of September 9, 2010.

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