Financial technology giant, FIS (NYSE: FIS), revealed on Friday its commitment to shareholders by announcing a quarterly dividend of $0.52 per share. Shareholders registered by December 8th, 2023, are set to receive this dividend, with the payment scheduled for December 22nd, 2023. This announcement underscores FIS’s unwavering dedication to maintaining dividend payments, extending its streak to 21 consecutive years. This feat serves as a testament to the company’s steadfast financial stability, as underscored by InvestingPro Tips. Headquartered in Jacksonville, Florida, FIS, a prominent member of both the Fortune 500 and S&P 500, is renowned for its delivery of pioneering technological solutions to global financial institutions and various industries.
Despite experiencing a notable dip in its stock price over the last three months, FIS stands strong with a current market capitalization of $30.46 billion USD and reported revenues of $14.57 billion USD, according to data from InvestingPro. Notably, the company’s Price-to-Earnings (P/E) Ratio currently stands at -1.31, indicating a lack of profitability over the past year. However, analysts project a turnaround, forecasting profitability in the near future, as indicated by InvestingPro Tips.
FIS’s unwavering commitment to innovation and exceptional system performance is underscored by its mission to advance commerce through groundbreaking financial technology applications. Key personnel at the company, such as Senior Vice President Kim Snider, leading Global Marketing and Corporate Communications, and George Mihalos, responsible for Investor Relations, play pivotal roles in revolutionizing global financial mechanisms.
