Bisys Group Inc. declared a special one-time dividend of 15 cents a share Friday to be paid shortly after the company's sale to Citigroup Inc.
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The dividend will be payable to shareholders of record as of the day before the deal closes, the Roseland, N.J., financial services outsourcing company said.
The deal is expected to close Aug. 1. If it closes later, Bisys said, it may modify the record date for payment of the dividend.
The sale to Citi, announced in May, is subject to Bisys shareholder approval.
