Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Free Report) declared a quarterly dividend on Thursday, November 13th. Investors of record on Tuesday, December 2nd will be paid a dividend of 0.58 per share by the technology company on Tuesday, December 23rd. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, December 2nd.
Jack Henry & Associates has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 35 years. Jack Henry & Associates has a payout ratio of 36.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Jack Henry & Associates to earn $6.26 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 37.1%.
Jack Henry & Associates Trading Down 0.8%
Shares of JKHY opened at $164.02 on Friday. The firm’s fifty day simple moving average is $154.90 and its two-hundred day simple moving average is $167.74. Jack Henry & Associates has a 12 month low of $144.12 and a 12 month high of $196.00. The stock has a market capitalization of $11.87 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 2.74 and a beta of 0.76.
About Jack Henry & Associates
Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.
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