Fidelity National (FIS) Hikes 9% Dividend: Worth A Look?
Zacks Investment Research | Feb 03, 2019 08:11PM ET
Last week, Fidelity National Information Services Inc. (NYSE:FIS) hiked its quarterly common stock dividend by 9% from the prior-quarter payout to 35 cents per share. The new dividend will be paid on Mar 29, to shareholders of record as of Mar 15, 2019. Following the dividend news, shares of the company rallied 2.6% to close at $107.20.
Since March 2012, the company has raised its dividend seven times. Its dividend was last hiked in March 2018 by 10.3% to 32 cents per share. This reflects the company’s commitment to return value to shareholders with its strong cash-generation capabilities.
Such capital-deployment activities are part of Fidelity National’s long-term strategy to boost shareholder value. It operates as a financial services technology company in the United States and globally, while sustaining financial stability and flexibility.
Investors interested in this Zacks Rank #3 (Hold) stock can have a look at the company’s fundamentals and growth opportunities. You can see industry .
Some other finance stocks which raised their dividends during the current quarter include Northern Trust Corporation (NASDAQ:NTRS) , Washington Federal, Inc. (NASDAQ:WAFD) and Wintrust Financial Corporation (NASDAQ:WTFC) . Northern Trust raised its quarterly dividend by 9%, while Wintrust Financial increased by 31.6%. Also, Washington Federal has announced an 11.1% hike in its common stock dividend.
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