FIS Increases Annual Dividend and Share Repurchase Authorization

Symbols: FIS
Posted in: News, Dividends, Buybacks
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FIS™ (NYSE: FIS), the world's largest provider of banking and payments technology, today announced that its Board of Directors has approved an increase in the annual dividend from $0.20 per share to $0.80 per share. The increased dividend represents an annual yield of approximately 2.8% based on the current share price. The increase is effective with the next quarterly dividend of $0.20 per share, which is payable in cash on March 30, 2012, to stockholders of record as of the close of business on March 16, 2012.

The company's Board of Directors also authorized additional stock repurchases up to $1.0 billion, replacing the existing repurchase authorization under which approximately $361 million remains outstanding.


 
 
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