Jack Henry (JKHY) Declares $0.46 Quarterly Dividend; Approves Additional 5M Share Buyback Program

May 17, 2021 8:10 AM EDT

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Jack Henry (NASDAQ: JKHY) declared a quarterly dividend of $0.46 per share, or $1.84 annualized.

The dividend will be payable on June 14, 2021, to stockholders of record on May 28, 2021, with an ex-dividend date of May 27, 2021.

The annual yield on the dividend is 1.2 percent.

Its Board of Directors also increased the remaining .2 million share stock repurchase authorization by another 5.0 million shares, bringing the total current authorization to 5.2 million shares. In October of 2002, the Board of Directors approved the current buyback program which has been increased incrementally since that time as shares have been repurchased. The company will finance its share repurchases with available cash reserves or short-term borrowings on its existing credit facility. All transactions will be executed in accordance with regulatory and exchange guidelines. The share repurchase program does not include specific price targets or timetables and may be suspended at any time.

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

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