Total System Services, Inc. Announces 25% Increase In Quarterly Dividend
Columbus, Ga., April 13, 2000 - Total System Services, Inc. (NYSE: "TSS") (TSYS), announced a 25% increase in the quarterly cash dividend of TSYS common stock. The quarterly cash dividend will be increased to $0.0125 from $0.01 per share. The cash dividend is payable on July 1, 2000, to shareholders of record as of the close of business on June 22, 2000.
Commenting on the increase, Richard W. Ussery, Chairman of the Board and CEO, stated, "We are very proud to increase our cash dividend this year. This increase is a reflection of our Board of Directors’ confidence in our future and our commitment to maximizing the return of our common stock to our shareholders."
TSYS provides global commerce solutions. With more than 210.6 million accounts on file, TSYS facilitates the payment exchange between buyers and sellers for approximately 294.8 million consumers. Our systems capture and deliver more of the right information to our clients that allows them to make wiser business decisions, currently yielding portfolio growth more than twice the industry average. TSYS and its family of companies offers a full range of business services, from credit application to collections, allowing our clients to focus on building their brands while we focus on safety, security, ease and convenience. Based in Columbus, Ga., TSYS (www.totalsystem.com) (NYSE: "TSS") is an 80.8-percent-owned subsidiary of Synovus Financial Corp. (NYSE: "SNV") (www.synovus.com), No. 5 on FORTUNE magazine’s list of "The 100 Best Companies To Work For" in 2000.
Contacts:
Patrick A. Reynolds
Director of Investor Relations
ph. (706) 649-4973
snvir@synovus.com