Financial tech firm FIS (NYSE: FIS) announced on Friday a quarterly dividend of $0.52 per share for shareholders registered by December 8th, with the payment due on December 22nd, 2023. This move aligns with the company's track record of maintaining dividend payments for 21 consecutive years, a testament to its financial stability, as pointed out by InvestingPro Tips. The Fortune 500 and S&P 500 member, headquartered in Jacksonville, Florida, is known for providing innovative tech solutions to global financial institutions and diverse industries.
With a current market cap of 30.46B USD and revenue of 14.57B USD, as provided by InvestingPro data, FIS has managed to stay afloat despite experiencing a significant fall in its price over the last three months. The company's P/E Ratio stands at -1.31, indicating that it has not been profitable over the last twelve months. However, the company is expected to turn the tide as analysts predict it will become profitable this year, according to InvestingPro Tips.
FIS's commitment to trusted innovation and superior system performance is evident in its goal of advancing commerce through groundbreaking financial tech applications. The firm's key personnel, including Senior Vice President Kim Snider, heading Global Marketing and Corporate Communications, and George Mihalos, overseeing Investor Relations, play instrumental roles in revolutionizing global finance mechanisms.
The company's financial health is a key aspect to monitor, with InvestingPro Tips highlighting that FIS's short-term obligations exceed its liquid assets. This could be a potential risk factor for investors to consider. For those interested in understanding such nuances and gaining additional insights, a wealth of information is available through the InvestingPro product that includes additional tips. You can access this information here.
For more information about FIS's operations and initiatives or to follow their updates, the company maintains an active online presence at www.fisglobal.com and on social media channels under the handle @FISGlobal. For more insights into FIS's financial performance and future predictions, you can visit InvestingPro.
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