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

Key Points

• Jack Henry & Associates declared a quarterly dividend of $0.61 per share, payable September 23 to shareholders of record on September 7. The dividend carries an annualized yield of approximately 1.4%, with September 4 as the ex-dividend date.
• The company has raised its dividend for 35 consecutive years and maintains a 38.0% payout ratio, indicating earnings currently provide adequate coverage for the dividend.
• Jack Henry recently reported adjusted earnings of $1.57 per share, exceeding analyst estimates of $1.44, while quarterly revenue rose 4.6% year over year to $633.1 million.

Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) declared a quarterly dividend on Monday, August 24th. 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 yield of 1.4%. The ex-dividend date of this dividend is Friday, September 4th.

Jack Henry & Associates has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 35 consecutive years. Jack Henry & Associates has a dividend payout ratio of 38.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Jack Henry & Associates to earn $7.69 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 31.7%.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock traded up $4.31 during midday trading on Monday, hitting $170.51. 1,032,103 shares of the company were exchanged, compared to its average volume of 1,191,687. Jack Henry & Associates has a 52 week low of $121.04 and a 52 week high of $193.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.38 and a quick ratio of 1.74. The firm has a 50 day simple moving average of $147.07 and a 200-day simple moving average of $150.95. The firm has a market cap of $12.11 billion, a P/E ratio of 24.46, a PEG ratio of 1.88 and a beta of 0.55.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $633.10 million for the quarter, compared to analysts' expectations of $631.60 million. During the same period in the prior year, the firm earned $1.75 earnings per share. The company's quarterly revenue was up 4.6% compared to the same quarter last year. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Research analysts forecast that Jack Henry & Associates will post 7.38 earnings per share for the current year.

About Jack Henry & Associates

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.

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