MONETT, Mo., Feb. 16, 2016 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY) today announced its Board of Directors increased the quarterly cash dividend by twelve percent (12%) to $0.28 per share. The cash dividend on its common stock, par value $0.01 per share, is payable on March 18, 2016, to stockholders of record as of March 2, 2016. At February 9, 2016, there were 78,861,707 shares of the common stock outstanding.
Kevin D. Williams, CFO of Jack Henry & Associates, stated, "This increase in our dividend is reflective of our continued commitment to generate a return for our stockholders on their investment. We established our dividend policy in 1990, and our dividend has increased every 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 almost 10,800 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.
SOURCE Jack Henry & Associates, Inc.