Feb 13 - FIS (NYSE: FIS), one of the largest providers of banking and payments technology, has announced that its board of directors has approved a 10 percent increase in the quarterly dividend from 20 cents per share to 22 cents per share. The increased dividend represents an annual yield of approximately 2.4 percent based on the current share price. The increase is effective with the next quarterly dividend, which is payable March 29, 2013, to shareholders of record as of the close of business March 15, 2013.
“Today’s announcement signifies the confidence that our board and management team have in our ability to continue to grow the business, as well as our ongoing commitment to enhance shareholder return,” stated Frank Martire, FIS’ chairman and CEO.
The payment of any future quarterly dividends will be at the discretion of the board and will be dependent upon FIS’ financial position, results of operations, cash flow and other factors deemed relevant by the board.
FIS (NYSE: FIS) is one of the world’s largest global providers dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 35,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. First in financial technology, FIS tops the annual FinTech 100 list, is 425 on the Fortune 500 and is a member of Standard & Poor’s 500 Index. For more information about FIS, visit www.fisglobal.com.