MONETT, Mo., Feb. 12, 2018 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ:JKHY) today announced its Board of Directors increased the quarterly cash dividend by nineteen percent (19%) to $0.37 per share. The cash dividend on its common stock, par value $0.01 per share, is payable on March 16, 2018, to stockholders of record as of March 1, 2018. At February 7, 2018, there were 77,261,505 shares of the common stock outstanding.
Kevin D. Williams, CFO of Jack Henry & Associates, stated, "The increase in our dividend reflects our on-going commitment to provide a good return on their investment for our shareholders. This increase is higher than our normal annual increase to return a portion of the benefit of the Tax Cuts and Jobs Act (TCJA) to our shareholders. We established our dividend policy in 1990, and our dividend has increased every fiscal year since its inception. Our announcement of this dividend increase during our third fiscal quarter is consistent with previous years practice."
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc.® (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its solutions serve approximately 9,000 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking® supports banks ranging from community banks to multi-billion dollar institutions with information processing solutions. Symitar® is a leading provider of information processing solutions for credit unions of all sizes. ProfitStars® provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available at www.jackhenry.com.
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SOURCE Jack Henry & Associates, Inc.
