Santander Consumer USA Holdings Inc. Announces Fourth Quarter Dividend | Texas
DALLAS, November 19, 2021 / PRNewswire / – Santander Consumer United States Holdings Inc. (NYSE: SC) (“SC” or the “Company”) today announced that its board of directors has declared a quarterly cash dividend of $ 0.22 per ordinary share to shareholders of record November 29, 2021. The dividend will be payable on December 9, 2021.
Caution Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement regarding our expectations, strategies, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not facts historical. and can be turned to the future. These statements are often, but not always, made using words or phrases such as anticipate, seek, believe, can, could, can, predict, should, should, will, estimate, plan, plan, continue, continues, waits, intends and similar words or phrases. Examples of forward-looking statements include, without limitation, all statements we make regarding revenues, earnings, margins, growth rates and other financial results for future periods. While we believe that the expectations reflected in these forward-looking statements are reasonable as of the date the statements are made, such statements are not guarantees of future performance and involve risks and uncertainties that may change depending on various important factors. , some of which are beyond our control. Factors that could cause the forward-looking statements in this press release and / or our financial performance to differ materially from those suggested by the forward-looking statements are as follows: (a) the negative impact of COVID-19 or any outbreak future contagious disease affecting our business, financial condition, liquidity and results of operations; (b) evolving federal, state and local laws and regulations could have a material adverse effect on our business; (c) adverse economic conditions in the United States and around the world could have a material impact on consumer habits, unemployment and demand for our products, which could have a negative impact on our results; (d) the effects of inflation; (e) a reduction in our access to finance; (f) the material risks we face in implementing our growth strategy, some of which are beyond our control; (g) our agreement with FCA US LLC may not result in the levels of growth currently anticipated and is subject to certain conditions which could result in termination of the agreement; (h) our business could suffer if we fail to develop and maintain relationships with automobile dealers; (i) our financial condition, liquidity and results of operations are dependent on the credit performance of our loans; (j) the loss of our key management or other personnel, or an inability to attract such management and personnel; (k) certain regulators, including, but not limited to, the Office of the Comptroller of the Currency, the Office of Consumer Financial Protection, the European Central Bank and the Federal Reserve, whose oversight and regulation may limit certain of our activities, including the timing and amount of dividends and other limitations on our activity; (l) there can be no assurance that the announced acquisition of all of our outstanding common shares by Santander Holdings USA, Inc. (“SHUSA”) will receive regulatory approval and will ultimately be completed; (m) other future changes in our relationship with SHUSA and Banco Santander, SA which could adversely affect our operations; (n) our expectations regarding known and unknown future litigation; (o) our inability to accurately predict the amount and timing of future collections could have a material adverse effect on our results of operations; (p) our reputation is a key asset to our business, and our business may be affected by how we are viewed in the market; and (q) our debt could have a negative impact on our business, prevent us from meeting our debt obligations and adversely affect our financial position. If one or more of the factors affecting our forward-looking information and statements prove to be incorrect, our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking information and statements. For more information on these risks and uncertainties, see the section called “Risk Factors” in our Annual Report on Form 10-K, Our Quarterly Reports on Form 10-Q, Our Current Reports on Form 8-K and other documents that are filed or provided to the United States Securities and Exchange Commission (collectively, our “SEC Statements”). We caution the reader not to place undue reliance on forward-looking information or statements. The effect of these factors is difficult to predict. Factors other than these could also adversely affect our results, and the reader should not view these factors as a complete set of all potential risks or uncertainties as new factors emerge from time to time. All forward-looking statements speak only as of the date of this document, and we assume no obligation to update any forward-looking information or statements, whether written or oral, to reflect any changes, except as required by law requires it. All forward-looking statements attributable to us are expressly qualified by these cautionary statements.
About Santander Consumer United States Holdings Inc.
Santander consumer United States Holdings Inc. (NYSE: SC) (“SC”) is a full-service consumer finance company focused on vehicle financing, third-party services and providing premium service to our more than 3.1 million customers across the credit spectrum. SC, which began entering into installment sales contracts in 1997, had an average portfolio of assets under management of approximately $ 65 billion (for the third quarter ended September 30, 2021), and is headquartered at Dallas, Texas. (www.santanderconsumerusa.com)
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SOURCE Santander Consumer United States Holdings Inc.