Jack Henry & Associates Increases The Quarterly Dividend On Its Common Stock By 7 Percent to $.46 Per Share

Rhea-AI Summary

Jack Henry & Associates announced a 7% increase in its quarterly dividend to $0.46 per share. This cash dividend will be payable on March 25, 2021, to stockholders of record as of March 8, 2021. As of February 10, 2021, there were 76,077,510 shares outstanding. CFO Kevin D. Williams emphasized strong organic growth and cash flows, attributing the dividend increase to the company's commitment to shareholders and confidence in continual growth despite ongoing investments in capital expenditures and R&D.

Positive

• Quarterly dividend increased by 7% to $0.46 per share.
• Strong organic growth and cash flow reported.
• Company shows commitment to deploying cash for shareholder benefits.

Negative

• None.

MONETT, Mo., Feb. 16, 2021 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY) today announced its Board of Directors increased the quarterly dividend by seven percent (7%) to $.46 per share. The cash dividend on its common stock, par value $.01 per share, is payable on March 25, 2021, to stockholders of record as of March 8, 2021. At February 10, 2021, there were 76,077,510 shares of the common stock outstanding. 

Kevin D. Williams, CFO 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 provider of technology solutions primarily for the financial services industry. We are an S&P 500 company that serves approximately 8,700 clients nationwide through three divisions: Jack Henry Banking^® supports banks ranging from community banks to multi-billion-dollar institutions; 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 JKHY?

The new dividend amount for Jack Henry & Associates (JKHY) is $0.46 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on March 25, 2021.

What is the record date for the JKHY dividend?

The record date for the dividend is March 8, 2021.

How much has the dividend for JKHY increased?

The dividend has increased by 7%.

What factors contributed to the dividend increase for JKHY?

The dividend increase was attributed to strong organic growth and cash flows, alongside ongoing investments in the business.