Fidelity National Raises Dividend by 11.4%, Unveils $100 Million Buyback Plan
February 01 2021 - 8:44AM
Dow Jones News
By Colin Kellaher
Fidelity National Information Services Inc. on Monday said its
board raised the quarterly dividend 11% to 39 cents a share and
approved the repurchase of up to $100 million in common stock.
The new payout, equal to $1.56 a year, represents an annual
yield of about 1.26% based on Friday's closing price of $123.46, up
from 1.13%.
The Jacksonville, Fla., financial-services technology company
said the increased dividend is payable March 26 to shareholders of
record March 12.
Fidelity, which has about 620.5 million shares outstanding,
sports a market capitalization of roughly $76.6 billion.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 01, 2021 08:29 ET (13:29 GMT)
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