Total System Services, Inc. (NYSE:TSS) Plans Quarterly Dividend of $0.13

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Total System Services, Inc. (NYSE:TSS) declared a quarterly dividend on Tuesday, June 4th, RTT News reports. Investors of record on Thursday, June 20th will be paid a dividend of 0.13 per share by the credit services provider on Monday, July 1st. This represents a $0.52 annualized dividend and a yield of 0.41%. The ex-dividend date is Wednesday, June 19th.

Total System Services has raised its dividend by an average of 9.1% annually over the last three years and has raised its dividend every year for the last 2 years. Total System Services has a dividend payout ratio of 12.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Total System Services to earn $5.28 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 9.8%.

TSS stock traded up $0.08 on Tuesday, hitting $128.24. 9,604 shares of the company were exchanged, compared to its average volume of 2,805,792. Total System Services has a twelve month low of $75.58 and a twelve month high of $130.62. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.17 and a quick ratio of 2.17. The company has a fifty day simple moving average of $111.92. The firm has a market cap of $22.58 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84.

Total System Services (NYSE:TSS) last released its quarterly earnings data on Tuesday, April 23rd. The credit services provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.03. Total System Services had a net margin of 14.63% and a return on equity of 31.25%. The company had revenue of $980.30 million during the quarter, compared to the consensus estimate of $998.73 million. During the same period in the previous year, the firm earned $1.13 earnings per share. Total System Services’s revenue for the quarter was up 4.8% on a year-over-year basis. Sell-side analysts predict that Total System Services will post 4.63 earnings per share for the current year.

TSS has been the subject of several research reports. Zacks Investment Research upgraded shares of Total System Services from a “sell” rating to a “hold” rating in a research note on Friday, February 22nd. Robert W. Baird boosted their price objective on shares of Total System Services from $98.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, March 29th. Goldman Sachs Group upgraded shares of Total System Services from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $98.00 to $115.00 in a research note on Wednesday, April 17th. KeyCorp boosted their price objective on shares of Total System Services from $95.00 to $106.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. They noted that the move was a valuation call. Finally, BMO Capital Markets boosted their price objective on shares of Total System Services from $100.00 to $103.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $107.29.

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Total System Services Company Profile

Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Issuer Solutions, Merchant Solutions, and Consumer Solutions. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.

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Dividend History for Total System Services (NYSE:TSS)

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