Fiserv Gets $54 Million Payout
BROOKFIELD, Wis. – Fiserv reported its investment in the company’s former insurance solutions business provided a $54 million dividend in July.
Fiserv sold the business, then known as Fiserv Insurance Solutions, in July 2008 to Trident IV LP for net cash proceeds of $497 million. Fiserv retains 49% ownership of the business that now is known as StoneRiver Group LP, of Columbia, S.C.
The dividend payment will be reflected on the company’s third-quarter financial results, the company said.