Fidelity National Information Services : Raises Dividend by 11.4%, Unveils 100 Million Share Buyback Plan

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 common shares.

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 [e-mail]

Corrections & Amplifications

This article was corrected at 9:50 a.m. ET because the original version incorrectly reported the buyback as $100 million in the headline and first paragraph.

(END) Dow Jones Newswires

02-01-21 0829ET