Magic Software Enterprises Ltd. announced that the Company's board of directors declared a semi-annual cash dividend in an amount of 30.0 cents per share and in an aggregate amount of approximately 14.7 million, which together with the dividend distributed for the first half of 2022 in an amount of approximately 14.2 million, reflects 71% of the Company's net income attributable to its shareholders for the year. The dividend is payable on April 20, 2023, to all of the Company's shareholders of record at the close of trading on the NASDAQ Global Select Market on April 10, 2023.