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

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.
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