Abacus Global Management Enhances Shareholder Returns with Annual Dividend and $10 Million Share Repurchase Program

Core Insights - Abacus Global Management has announced an annual cash dividend of $0.20 per share, reflecting confidence in its long-term business model and capital strength [1][2] - The company plans to distribute up to 25% of adjusted net income or up to 55% of recurring revenue as dividends [1][2] - A $10 million share repurchase program has also been authorized as part of the capital allocation strategy [1][2] Financial Performance - The company reported record levels of cash generation and a strong balance sheet, supported by increasing capital inflows into longevity funds and growing fee income [2] - Recurring revenues are expected to approach 70% of total revenue over time, indicating a shift towards more stable income sources [2] Capital Allocation Strategy - The capital allocation strategy aims to balance investment in growth, technology, and acquisitions with returning capital to shareholders through dividends and share buybacks [2][7] - The Board of Directors will evaluate dividend opportunities based on operating cash flow, capital requirements, and strategic investment opportunities [7][8] Company Overview - Abacus Global Management specializes in alternative asset management, data-driven wealth solutions, and technology innovations [9] - The company focuses on longevity-based assets and personalized financial planning, leveraging proprietary data analytics for optimized financial outcomes [9]