DST Systems reported Q4 and 2012 results, as well as a hefty dividend hike. For the quarter, the company's net income was $38 million ($0.82 per diluted share), down slightly from Q4 2011's result. Total revenues advanced by around $35 million, to $659 million.
For fiscal 2011, consolidated net income saw a sizable year-over-year increase of 82%, to $324 million. Top line came in at $2.6 billion, an improvement over 2011's $2.4 billion.
DST Systems also announced a boost, and a frequency increase in its payout. It will now pay its dividend on a quarterly basis, as opposed to semi-annually. The next disbursement will be $0.30 per share, which is to be paid on March 15, to shareholders of record as of February 19. The company's last semi-annual payment was made at the end of last year, and totaled $0.40 per share.
The article DST Posts Results, Raises Dividend by 50% originally appeared on Fool.com.
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