JACK HENRY & ASSOCIATES INCREASES THE QUARTERLY DIVIDEND ON ITS COMMON STOCK BY 7 PERCENT to $.49 PER SHARE

Rhea-AI Summary

Jack Henry & Associates (NASDAQ: JKHY) has announced a 7% increase in its quarterly dividend, raising it to $.49 per share. This dividend, payable on March 25, 2022, is for stockholders of record as of March 8, 2022. With 33 consecutive increases in dividends since 1991, Jack Henry underscores its strong organic growth and cash flow, according to CFO Kevin D. Williams. The company aims to continue its investments while deploying cash to benefit shareholders.

Positive

• 7% increase in quarterly dividend to $.49 per share.
• 33 consecutive years of dividend increases, demonstrating financial stability.
• Strong organic growth and cash flow reported by CFO.

Negative

• None.

MONETT, Mo., Feb. 14, 2022 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY) today announced its Board of Directors increased the quarterly dividend by seven percent (7%) to $.49 per share.  The cash dividend on its common stock, par value $.01 per share, is payable on March 25, 2022, to stockholders of record as of March 8, 2022. Jack Henry has paid consecutive quarterly dividends since 1991, and 2022 marks the company's 33^rd increase in dividends paid. At February 9, 2022, there were 72,826,096 shares of the common stock outstanding.

Kevin D. Williams, CFO and Treasurer of Jack Henry & Associates, stated, "Our company continues to have strong organic growth and cash flows, even with our continued investments in our company through capital expenditures and research & development initiatives.  This increase in our dividend authorization evidences our continued confidence that these trends will continue and our commitment to deploy our cash to the benefit of our shareholders."

About Jack Henry & Associates, Inc.
Jack Henry (NASDAQ:JKHY)  is a leading SaaS provider primarily for the financial services industry. We are an S&P 500 company that serves approximately 8,500 clients nationwide through three divisions: Jack Henry Banking^® provides innovative solutions to community and regional banks; Symitar^® provides industry-leading solutions to credit unions of all sizes; and ProfitStars^® offers highly specialized solutions to financial institutions of every asset size, as well as diverse corporate entities outside of the financial services industry. With a heritage that has been dedicated to openness, partnership, and user centricity for more than 40 years, we are well-positioned as a driving market force in future-ready digital solutions and payment processing services. We empower our clients and consumers with the human-centered, tech-forward, and insights-driven solutions that will get them where they want to go. Are you future ready? Additional information is available at www.jackhenry.com. 

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SOURCE Jack Henry & Associates, Inc.

FAQ

What is the new dividend amount for Jack Henry (JKHY)?

Jack Henry has increased its dividend to $0.49 per share.

When will the new dividend for JKHY be paid?

The new dividend will be paid on March 25, 2022.

What is the record date for the dividend payment for JKHY?

The record date for the dividend payment is March 8, 2022.

How many consecutive years has Jack Henry (JKHY) increased its dividend?

Jack Henry has increased its dividend for 33 consecutive years.