DALLAS, Nov. 19, 2021 /PRNewswire/ -- Santander Consumer
USA Holdings Inc. (NYSE: SC) ("SC"
or the "Company") today announced its Board of Directors declared a
quarterly cash dividend of $0.22 per
share of common stock to shareholders of record as of November 29, 2021. The dividend will be payable
on December 9, 2021.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Any statements about our expectations,
strategies, beliefs, plans, predictions, forecasts, objectives,
assumptions, or future events or performance are not historical
facts and may be forward-looking. These statements are often, but
not always, made through the use of words or phrases such as
anticipates, seeks, believes, can, could, may, predicts, potential,
should, would, will, estimates, plans, projects, continuing,
ongoing, expects, intends, and similar words or phrases. Examples
of forward-looking statements include, but are not limited to, all
statements we make relating to revenue, earnings, margins, growth
rates, and other financial results for future periods. Although we
believe that the expectations reflected in these forward-looking
statements are reasonable as of the date on which the statements
are made, these statements are not guarantees of future performance
and involve risks and uncertainties that are subject to change
based on various important factors, some of which are beyond our
control. The factors that could cause the forward-looking
statements in this press release and/or our financial performance
to differ materially from that suggested by the forward-looking
statements include the following: (a) the adverse impact of
COVID-19 or any future outbreak of any contagious diseases on our
business, financial condition, liquidity and results of operations;
(b) continually changing federal, state, and local laws and
regulations could materially adversely affect our business; (c)
adverse economic conditions in the United States and worldwide
could materially impact consumer spending behavior, unemployment
and demand for our products, which could negatively impact our
results; (d) the effects of inflation; (e) a reduction in our
access to funding; (f) significant risks we face implementing our
growth strategy, some of which are outside our control; (g) our
agreement with FCA US LLC may not result in currently anticipated
levels of growth and is subject to certain conditions that could
result in termination of the agreement; (h) our business could
suffer if we are unsuccessful in developing and maintaining
relationships with automobile dealerships; (i) our financial
condition, liquidity, and results of operations depend on the
credit performance of our loans; (j) 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 Consumer Financial
Protection Bureau, 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 business; (l) there can be no assurance that the
announced acquisition of all of our outstanding common stock by
Santander Holdings USA, Inc. ("SHUSA") will receive regulatory
approval and be ultimately consummated; (m) other future changes in
our relationship with SHUSA and Banco Santander, S.A. that could
adversely affect our operations; (n) our expectations regarding
future litigation both known and unknown; (o) our inability to
accurately forecast 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 perceived in the marketplace; and (q)
our debt could negatively impact our business, prevent us from
satisfying our debt obligations and adversely affect our financial
condition. If one or more of the factors affecting our
forward-looking information and statements proves incorrect, our
actual results, performance or achievements could differ materially
from those expressed in, or implied by, forward-looking information
and statements. For additional discussion of these risks and
uncertainties, refer to the section entitled "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 with
or furnished to the U.S. Securities and Exchange Commission
(collectively, our "SEC filings"). We caution the reader not to
place undue reliance on any forward-looking information or
statements. The effect of these factors is difficult to predict.
Factors other than these also could adversely affect our results,
and the reader should not consider these factors to be a complete
set of all potential risks or uncertainties as new factors emerge
from time to time. Any forward-looking statements only speak as of
the date of this document, and we undertake no obligation to update
any forward-looking information or statements, whether written or
oral, to reflect any change, except as required by law. All
forward-looking statements attributable to us are expressly
qualified by these cautionary statements.
About Santander Consumer USA
Holdings Inc.
Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC") is a
full-service consumer finance company focused on vehicle finance,
third-party servicing and delivering superior service to our more
than 3.1 million customers across the full credit spectrum. SC,
which began originating retail installment contracts in 1997, had
an average managed asset portfolio of approximately $65 billion (for the third quarter ended
September 30, 2021), and is
headquartered in Dallas, Texas.
(www.santanderconsumerusa.com)
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SOURCE Santander Consumer USA
Holdings Inc.
