Jack Henry & Associates Inc. (JKHY) announced that its board has increased the quarterly cash dividend by 12% to $.095 per share. The cash dividend on its common stock, par value $.01 per share, is payable on March 9, 2010, to stockholders of record as of February 24, 2010. At February 2, 2010, there were 84.50 million shares of the common stock outstanding.
Kevin Williams, CFO of Jack Henry & Associates, said, "This increase in our dividend is reflective of our ongoing commitment to generate a return on our stockholders' investment. We established our dividend policy in 1990, and our dividend has increased every year since its inceptions. Our announcement of this dividend increase during our third fiscal quarter is consistent with previous years."
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