Jack Henry (JKHY) Raises Quarterly Dividend 53.8% to $0.20; Boosts Buyback by 5M Shares

Jack Henry (NASDAQ: JKHY) declared a quarterly dividend of $0.20 per share, or $0.8 annualized. This is a 53.8% increase from the prior dividend of $0.13. The dividend will be payable on May 30, 2013, to stockholders of record on May 17, 2013, with an ex-dividend date of May 15, 2013. The annual yield on the dividend is 1.7 percent.

Its Board of Directors also increased the remaining 4.14 million share stock repurchase authorization by another 5.0 million shares, bringing the total current authorization to 9.14 million shares.

Jack Prim, CEO of Jack Henry & Associates, stated, "Our company continues to have strong organic growth and increasing cash flow, even with our increased internal research and development initiatives. This increase in our dividend and share repurchase authorization evidences our confidence that these trends will continue and our commitment to deploy our cash to the benefit of our shareholders."

For a dividend history and other dividend-related data on Jack Henry (JKHY) click here.

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