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.
FIS (NYSE: FIS) is the world’s largest global provider 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
This news release contains “forward-looking statements” within the meaning of the U.S. federal securities laws. Statements that are not historical facts, including statements about whether or not the magnitude and manner in which we pay any future dividends, as well as other statements about our expectations, hopes, intentions, or strategies regarding the future, are forward-looking statements. These statements relate to future events and our future results, and involve a number of risks and uncertainties. Forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. Any statements that refer to beliefs, expectations, projections or other characterizations of future events or circumstances and other statements that are not historical facts are forward-looking statements.