DST Posts Results, Raises Dividend by 50%

DST Systems (NYSE: DST  ) 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.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2229367, ~/Articles/ArticleHandler.aspx, 9/16/2014 7:32:51 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement