Fidelity National Information Services (FIS) will raise its quarterly dividend by 9.4 percent to $0.35 per share in the first quarter of 2019. The company increased its dividend by 10.3 percent in 2018.

The increased dividend is payable March 29, 2019, to FIS shareholders of record as of close of business on March 15, 2019. A new annualized dividend rate of $1.40 per share yields 1.3% at a stock price of $104.53.

FIS is a provider of financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, consulting, and outsourcing solutions. The company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other, which includes Public Sector and Education, Global Commercial Services and Retail Check Processing.