The new annualized payout of $2.44 per share represents a yield of approximately 1.41%, calculated against the company's Friday closing price of $173.36. This marks an increase from the previous yield of 1.34%, according to the company's financial data.
In section Market Quotes
Jack Henry Boosts Quarterly Dividend as Fintech Yield Hits 1.41%
Jack Henry & Associates on Monday announced a 5.2% increase to its quarterly cash dividend, raising the payout to 61 cents per share. The Monett, Missouri-based fintech provider confirmed the new distribution will be payable in late March to shareholders of record earlier that month.
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Dividend Logistics and Timing
The board of the Missouri-based firm established the following schedule for the upcoming distribution:- The increased dividend is payable on March 25.
- Shareholders of record at the close of business on March 5 are eligible for the payment.
The dividend hike follows a period of steady performance for the fintech firm, which specializes in processing transactions and providing automation for financial institutions. Analysts often view such incremental increases as a signal of a company's healthy cash flow and long-term financial stability.
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