Jack Henry & Associates, Inc. Plans Quarterly Dividend of $0.61 (NASDAQ:JKHY)

Jack Henry & Associates, Inc. (NASDAQ:JKHY) announced a quarterly dividend on Friday, August 21st. Investors of record on Monday, September 7th will be given a dividend of 0.61 per share by the technology company on Wednesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, September 4th.

Jack Henry & Associates has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 35 consecutive years. Jack Henry & Associates has a dividend payout ratio of 38.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Jack Henry & Associates to earn $7.73 per share next year, which means the company should continue to be able to cover its $2.44 annual dividend with an expected future payout ratio of 31.6%.

Jack Henry & Associates Stock Up 0.1%

NASDAQ JKHY opened at $168.10 on Wednesday. Jack Henry & Associates has a 12 month low of $121.04 and a 12 month high of $193.39. The company has a current ratio of 1.17, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The stock has a market cap of $11.79 billion, a PE ratio of 24.12, a P/E/G ratio of 1.90 and a beta of 0.56. The stock’s 50 day moving average is $153.20 and its 200 day moving average is $150.91.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.13. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The business had revenue of $633.10 million during the quarter, compared to analyst estimates of $631.60 million. During the same period last year, the firm posted $1.75 EPS. The company’s revenue was up 4.6% on a year-over-year basis. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Research analysts predict that Jack Henry & Associates will post 7.38 EPS for the current fiscal year.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.