The Board of Directors at Ebix (EBIX +4.2%) approve a plan to spend 90% of the firm's cash on...

|About: Ebix Inc (EBIX)|By:, SA News Editor

The Board of Directors at Ebix (EBIX +4.2%) approve a plan to spend 90% of the firm's cash on growth initiatives and share buybacks. The insurance software provider also set a $0.04 quarterly dividend, saying it remains confident it will generate free cash on a regular basis.