Jack Henry & Associates (JKHY) will increase its quarterly dividend by 8.1 percent to $0.40 per share in the first quarter of 2019.

This follows a double digit dividend increase by the payment processing and technology solutions company in the previous six years.

The next dividend is payable on March 18, 2019, to stockholders of record as of March 1, 2019. A new annualized dividend rate of $1.60 per share yields

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. 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.