FIS™ (NYSE: FIS), the world’s largest provider of banking and payments technology, today announced that its Board of Directors has approved a 10% increase in the quarterly dividend from $0.20 per share to $0.22 per share. The increased dividend represents an annual yield of approximately 2.4% 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 chief executive officer.
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.
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