Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Manhattan Associates, Inc. is a technology company that develops and delivers supply chain and omnichannel commerce software. The company operates primarily in the supply chain management (SCM) and retail and wholesale commerce technology industries, providing enterprise software solutions that help organizations manage inventory, orders, transportation, warehousing, and store operations. Its offerings are used by retailers, wholesalers, manufacturers, and logistics service providers to coordinate complex, end‑to‑end supply chain activities.
The company’s primary revenue drivers are software license fees, cloud-based subscription services, and maintenance and professional services. Manhattan Associates is widely recognized for its expertise in warehouse management systems (WMS), transportation management systems (TMS), order management systems (OMS), and inventory optimization. Founded in 1990, the company initially focused on warehouse management software and expanded over time into a broader supply chain commerce platform, transitioning its portfolio toward cloud-native, SaaS-based solutions in the 2010s.
Business Operations
Manhattan Associates operates as a single-reportable segment but generates revenue across multiple solution categories, including Warehouse Management, Transportation Management, Order Management, and Supply Chain Planning. Its flagship offerings are delivered through its cloud-native Manhattan Active® platform, which integrates inventory, order, transportation, and fulfillment capabilities. Revenue is generated through a mix of subscription contracts, term licenses, and recurring support and services arrangements.
The company conducts business domestically and internationally, serving customers across North America, Europe, and the Asia-Pacific region. Key operating subsidiaries include Manhattan Associates, Inc. (U.S.), Manhattan Associates India Pvt. Ltd., and Manhattan Associates Europe Ltd., which support software development, sales, and customer services. The company maintains strategic relationships with major systems integrators and technology partners to support global implementations, though no material joint ventures are disclosed in public filings.
Strategic Position & Investments
Manhattan Associates’ strategic direction centers on expanding adoption of its cloud-native Manhattan Active® solutions and increasing recurring subscription revenue. The company emphasizes continuous software innovation, microservices-based architecture, and unified data models to differentiate its platform from legacy, on‑premise supply chain systems. Its strategy targets large, complex enterprises that require scalable, high-performance fulfillment and commerce capabilities.
Historically, Manhattan Associates has pursued limited acquisition activity, favoring internal product development over large-scale mergers. When acquisitions occur, they are typically small, technology-focused transactions intended to enhance specific product capabilities or domain expertise. Public disclosures do not indicate material equity investments in unrelated portfolio companies; available data suggests capital allocation is primarily directed toward research and development, cloud infrastructure, and shareholder returns.
Geographic Footprint
The company is headquartered in North America (United States), with its principal executive offices located in Atlanta, Georgia. Manhattan Associates maintains a significant operational presence in Europe, Asia-Pacific, and parts of Latin America, supporting sales, implementation, and customer success for multinational clients.
Internationally, India represents a major hub for software engineering and global services, while Western Europe serves as a key market for retail and logistics customers. The company’s solutions are deployed by customers operating across multiple continents, giving Manhattan Associates indirect exposure to global trade, e-commerce growth, and cross-border supply chain complexity.
Leadership & Governance
Manhattan Associates was founded by Larry Horton, who played a central role in shaping the company’s early focus on warehouse management software. The current leadership team emphasizes long-term customer relationships, product innovation, and disciplined financial management, with a strategic vision centered on cloud transformation and unified commerce.
Key executives include:
- Eddie Capel – President and Chief Executive Officer
- Dennis Story – Executive Vice President and Chief Financial Officer
- Rohit Anand – Executive Vice President, Professional Services
- Eric Clark – Executive Vice President, Product Management
- Ann Ruckstuhl – Senior Vice President, Chief Legal Officer and Secretary
The company operates under a traditional public-company governance structure, with oversight provided by an independent board of directors and policies aligned with U.S. public market standards.