Sapiens (NASDAQ:SPNS) hikes dividend & launches IntegrateAI
Sapiens International Corporation (NASDAQ:SPNS) has declared a cash dividend of $15.6 million, equivalent to $0.28 per share, for the second half of 2023.
This move aligns with the company's policy of distributing up to 40% of its annual non-GAAP net income on a semi-annual basis.
The upcoming dividend is scheduled for payment on April 18, 2024, to all shareholders of record as of April 5, 2024.
In addition to its financial updates, Sapiens has launched IntegrateAI, an addition to its DecisionAI portfolio, aimed at integrating machine learning models into its decision model workbench.
This innovation allows users to blend declarative and probabilistic constructs into a single, explainable model, enhancing operational control and efficiency by reducing business and technical complexities.
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