Fidelity National Information Services

Fidelity National Information Services, known as FIS, is a financial technology company providing core banking software, payment processing and related services to banks and capital-markets firms. It sits behind the scenes of much of the financial system, though a costly acquisition and later divestiture of the Worldpay merchant business weighed on results and strategy. FIS has paid and raised its dividend for over two decades, but the recent restructuring and write-downs have complicated the story even as the core business generates steady cash. The yield is moderate and the payout remains a priority, complemented by buybacks. The overall profile is fair rather than strong, offering reasonable income tied to a turnaround and a return to dependable growth in its core software franchise.