Printer Friendly

TSYS ANNOUNCES 100 PERCENT STOCK DIVIDEND

 COLUMBUS, Ga., April 12 /PRNewswire/ -- The board of directors of Total System Services, Inc. (NYSE: TSS) (TSYS) today announced a two-for-one stock split in the form of a 100 percent stock dividend on the common stock of TSYS.
 The stock dividend will be distributed on May 5 to shareholders of record at the close of business on April 23.
 TSYS common stock (16,101,410 shares presently outstanding, 32,202,820 shares post-split) is traded on the New York Stock Exchange under the symbol TSS.
 Commenting on the stock dividend, Richard W. Ussery, chairman and CEO of TSYS, stated, "This action by our board today will increase the number of TSYS shares outstanding in a manner that we believe will broaden and enhance our shareholder base."
 TSYS recently announced first quarter 1993 earnings of $3,971,826, an incing company in the world. The company is based in Columbus, Ga., and provides credit card institutions with a comprehensive on-line system of data processing services marketed as THE TOTAL SYSTEM(sm). TSYS serves 114 credit card issuers in 34 states, Puerto Rico and Canada, representing 30 million cardholders and 290,000 merchant accounts. TSYS also provides correspondence products, fulfillment services, direct marketing and promotional services, directly or through its two subsidiaries, Mailtek, Inc. - Atlanta, and Lincoln Marketing, Inc. - Moorestown, N.J., to financial institutions, airlines, health care organizations and other businesses, representing over 20 million customers. TSYS is an 80.7 percent-owned subsidiary of Synovus Financial Corp. (NYSE: SNV), a $5.2 billion multi-financial services company composed of TSYS, 31 banking affiliates in three states and a full-service brokerage firm.
 -0- 4/12/93
 /CONTACT: Kenneth E. Evans, vice chairman of Total System Services, 706-649-4457/
 (TSS SNV)


CO: Total System Services, Inc. ST: Georgia IN: FIN SU: DIV

BR-BN -- AT004 -- 4709 04/12/93 10:56 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 12, 1993
Words:306
Previous Article:SOUTHTRUST ANNOUNCES RECORD FIRST QUARTER FINANCIAL RESULTS
Next Article:W. CHRISTOPHER MAXWELL NAMED EXECUTIVE VICE PRESIDENT OF KEYCORP'S TRUST AND INVESTMENT MANAGEMENT GROUP
Topics:


Related Articles
TOTAL SYSTEM SERVICES DECLARES DIVIDEND
TOTAL SYSTEM SERVICES DECLARES DIVIDEND
TOTAL SYSTEM SERVICES DECLARES DIVIDEND
TOTAL SYSTEM SERVICES, INC., DECLARES CASH DIVIDEND
TOTAL SYSTEM SERVICES, INC., DECLARES CASH DIVIDEND
TOTAL SYSTEM SERVICES ANNOUNCES TWO-FOR-ONE STOCK SPLIT
TOTAL SYSTEM SERVICES, INC., DECLARES CASH DIVIDEND
Total System Services, Inc., Declares Cash Dividend
Total System Services, Inc. Declares Cash Dividend
Total System Services, Inc. Announces 25% Increase in Quarterly Dividend.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters