Jack Henry & Associates (JKHY) will increase its quarterly dividend by 19.4 percent to $0.37 per share in the first quarter of 2018. The new dividend yield for JKHY is 1.2%.

The next dividend is payable on March 16, 2018, to stockholders of record as of March 1, 2018.  At February 7, 2018, there were 77,261,505 shares of the common stock outstanding.

Kevin D. Williams, CFO of Jack Henry & Associates, stated, "The increase in our dividend reflects our on-going commitment to provide a good return on their investment for our shareholders. This increase is higher than our normal annual increase to return a portion of the benefit of the Tax Cuts and Jobs Act (TCJA) to our shareholders. We established our dividend policy in 1990, and our dividend has increased every fiscal year since its inception. Our announcement of this dividend increase during our third fiscal quarter is consistent with previous years practice."

Jack Henry & Associates, Inc. is a provider of technology solutions and payment processing services primarily for the financial services industry. The company's three primary brands are Jack Henry Banking (information processing solutions for banks), Symitar (solutions for credit unions) and ProfitStars (risk and cost control products and services for financial institutions and corporate entities). Jack Henry & Associates has been a publicly traded company since 1985.