 |
February 1, 2008 |
|
|
|
 |
FIDELITY NATIONAL: Paying US$0.30 Per Share Dividend on March 27 Fidelity National Financial, Inc. Board of Directors has declared a quarterly cash dividend of $0.30 per share. The dividend will be payable March 27, 2008, to stockholders of record as of March 13, 2008. Fidelity National Financial, Inc. -- http://www.fnf.com -- (NYSE: FNF), is a provider of title insurance, specialty insurance and claims management services. FNF is one of the nation's largest title insurance companies through its title insurance underwriters - Fidelity National Title, Chicago Title, Ticor Title, Security Union Title and Alamo Title - that issue approximately 28 percent of all title insurance policies in the United States. FNF also provides flood insurance, personal lines insurance and home warranty insurance through its specialty insurance business. FNF also is a leading provider of outsourced claims management services to large corporate and public sector entities through its minority-owned subsidiary, Sedgwick CMS. About Fidelity National Based in Jacksonville, Florida, Fidelity National Information Services, Inc. -- http://www.fidelityinfoservices.com/ -- provides core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage related information products; and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top ten. Nearly 50% of all US residential mortgages are processed using FIS software. FIS maintains a strong global presence, serving over 7,800 financial institutions in more than 60 countries worldwide, including Brazil and Japan. * * * As reported in the Troubled Company Reporter-Latin America on Oct. 29, 2007, Standard & Poor's Ratings Services has placed its ratings, including the 'BB' corporate credit rating, on Fidelity National Information Services Inc. on CreditWatch with negative implications. Moody's Investors Service also placed these ratings on review for possible downgrade: US$1.6 billion First Lien Senior Secured Term Loan B Ba1; US$2.1 billion First Lien Senior Secured Term Loan A Ba1; US$900 million First Lien Senior Revolving Credit Facility Ba1; US$200 million 4.75% (Certegy) notes due September 2008 Ba1; and Corporate Family Rating Ba1. |
|
|
||
|
Today's Top Stories have been selected from the Troubled Company Reporter - Latin America. To receive the Full TCR-LA please CLICK HERE.
