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TSYS pays $3.03 special div related to completed spinoff from Synovus


Published : Mon, 31 Dec 2007 23:17
By : Agencies
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SAN FRANCISCO (Thomson Financial) - TeleCommunication Systems Inc. said late Monday it paid a one-time special cash dividend of $3.03 per share, to shareholders as of Dec. 17, related to its spinoff from Synovus Financial Corp.

Separately, Columbus, Ga.-based Synovus, a financial services company, said it has completed the spin-off of TSYS stock formerly owned by Synovus to Synovus shareholders.

Shares of the Columbus, Ga.-based TSYS, a provider of outsourced payment services, closed the regular session up 6 cents at $3.56.

Synovus shares rose 30 cents to $24.08.

Brigid Gaffikin

bg/gm

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