JACK HENRY & ASSOCIATES INCREASES THE QUARTERLY DIVIDEND ON ITS COMMON STOCK BY 7 PERCENT to $.52 PER SHARE

Rhea-AI Summary

On February 13, 2023, Jack Henry & Associates (NASDAQ: JKHY) announced a 7% increase in its quarterly dividend, raising it to $0.52 per share. The dividend is payable on March 24, 2023, to shareholders on record as of March 8, 2023. This marks the company's 34th dividend increase since it began paying quarterly dividends in 1991. As of February 8, 2023, there were 72,990,790 shares outstanding. CFO Mimi L. Carsley noted the company's strong organic growth and cash flows, reinforcing confidence in sustaining these trends and benefiting shareholders.

Positive

• 7% increase in quarterly dividend to $0.52 per share.
• 34th dividend increase since 1991 reflects strong company performance.
• Continued strong organic growth and cash flows.

Negative

• None.

MONETT, Mo., Feb. 13, 2023 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY) today announced its Board of Directors increased the quarterly dividend by seven percent (7%) to $.52 per share.  The cash dividend on its common stock, par value $.01 per share, is payable on March 24, 2023, to stockholders of record as of March 8, 2023. Jack Henry has paid consecutive quarterly dividends since 1991, and 2023 marks the company's 34th increase in dividends paid. At February 8, 2023, there were 72,990,790 shares of the common stock outstanding.

Mimi L. Carsley, 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 well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For more than 45 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 8,000 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. 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)?

The new dividend amount is $0.52 per share.

When is the dividend payment date for JKHY?

The dividend is payable on March 24, 2023.

What is the record date for Jack Henry's dividend?

The record date is March 8, 2023.

How many consecutive dividends has Jack Henry paid?

Jack Henry has paid consecutive quarterly dividends since 1991.

How many shares of common stock does Jack Henry have outstanding?

As of February 8, 2023, there were 72,990,790 shares outstanding.