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Subsequent Events
6 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

On July 3, 2017, EVERTEC, Inc’s main operating subsidiary, EVERTEC Group, LLC, and EVERTEC Panama, S.A. closed on the direct and indirect acquisition of 100% of the share capital of PayGroup for approximately US $46 million, which comprises a cash payment of approximately US $38.5 million and the assumption of approximately US $7.5 million in debt and other liabilities. The acquisition was pursuant to a share purchase promise agreement entered into on February 17, 2017.

On July 25, 2017, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.10 per share on the Company’s outstanding shares of common stock. The Board anticipates declaring this dividend in future quarters on a regular basis; however future declarations of dividends are subject to the Board of Director's approval and may be adjusted as business needs or market conditions change. The cash dividend of $0.10 per share will be paid on September 8, 2017 to stockholders of record as of the close of business on August 7, 2017.