TSYS Doubles Second Quarter 2004 Quarterly Dividend
Columbus, Ga., April 15, 2004 - The TSYS® Board of Directors today declared a quarterly cash dividend of $0.04 per share, a 100 percent increase over last year's quarterly dividend of $0.02 per share. Dividends are payable on July 1, 2004, to TSYS shareholders of record at the close of business on June 18, 2004.
"TSYS has declared a quarterly dividend for 58 consecutive quarters, and has increased the quarterly dividend per share for five consecutive years. We are pleased that our significant cash flow from operations, combined with our strong balance sheet, allows us to increase our dividend payout to our shareholders with no impact to the operations of the business," said Philip W. Tomlinson, chief executive officer of TSYS. "TSYS remains committed to rewarding our shareholders and maximizing shareholder value."
About TSYS
TSYS (NYSE: TSS) (www.tsys.com) brings integrity and innovation to the world of electronic payment services as the integral link between buyers and sellers in this rapidly evolving universe. Synovus (NYSE: SNV) owns an 81.1-percent interest in TSYS. For more information, contact news@tsys.com.
Contacts
Shawn Roberts
TSYS Investor Relations
+1.706.644.6081
shawnroberts@tsys.com
James B. Lipham
Chief Financial Officer
+1.706.649.2262