Jack Henry & Associates (JKHY) will increase its quarterly dividend by 7 percent to 46 cents per share in 2021. This follows a dividend hike of 7.5 percent to $0.43 per share announced in the first quarter of 2020. The payment processing and technology solutions company now has 30 consecutive years of annual dividend increases.
The next dividend is payable on March 25, 2021, to stockholders of record as of March 8, 2021. A new annualized dividend rate of $1.84 per share yields 1.2% at a stock price of $158.80.
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.