DST Posts Results, Raises Dividend by 50%
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.Fool contributor Eric Volkman has no position in DST Systems. The Motley Fool has no position in DST Systems. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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