FIS declares $0.40 quarterly dividend, payable September 24

Published 01/08/2025, 11:46
FIS declares $0.40 quarterly dividend, payable September 24

JACKSONVILLE, Fla. - FIS (NYSE:FIS), a financial technology company with a market capitalization of $41.57 billion, announced Thursday it will pay a regular quarterly dividend of $0.40 per common share on September 24, 2025. The dividend, yielding 2.01% annually, will be distributed to shareholders of record as of the close of business on September 10, 2025. According to InvestingPro, FIS has maintained dividend payments for 23 consecutive years.

The dividend announcement maintains FIS’s consistent quarterly payout to shareholders. FIS provides technology solutions to financial institutions, businesses and developers across the financial services sector.

The Jacksonville, Florida-based company is a component of both the Fortune 500 and the Standard & Poor’s 500 Index. FIS specializes in payment processing, banking, and investment technology solutions.

The dividend declaration was disclosed in a company press release statement.

In other recent news, Fidelity National Information Services (FIS) reported its first-quarter 2025 earnings, surpassing expectations with an adjusted earnings per share (EPS) of $1.21, slightly above the forecast of $1.20. The company reported revenue of $2.5 billion, which was just below the anticipated $2.51 billion. Additionally, FIS announced an expansion of its partnership with Visa to enhance payment capabilities for financial institutions, aiming to help smaller banks compete with larger issuers. Analyst firm Stephens raised its price target for FIS to $100 from $90, maintaining an Overweight rating, following the alignment of first-quarter results with pre-announcements and a reaffirmation of the full-year 2025 outlook. They highlighted successful launches of delayed transactions and anticipate a 200 basis points acceleration in Banking revenue later in the year. Meanwhile, Jefferies increased its price target to $80 from $75, retaining a Hold rating, but noted concerns about second-quarter guidance and the need for significant improvements in margins and Banking growth. These developments reflect a mixed but cautiously optimistic outlook from analysts regarding FIS’s performance and strategic initiatives.

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