Jack Henry & Associates, Inc. (JKHY) to Distribute Quarterly Dividend of $0.61 on September 23rd

Jack Henry & Associates, Inc. (NASDAQ:JKHY) announced a quarterly dividend on Friday, August 21st. Stockholders 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 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 increased its dividend every year for the last 35 years. Jack Henry & Associates has a payout ratio of 38.0% meaning its dividend is sufficiently covered by earnings. Research 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%

Shares of NASDAQ JKHY opened at $168.10 on Wednesday. The company has a market capitalization of $11.79 billion, a P/E ratio of 24.12, a P/E/G ratio of 1.90 and a beta of 0.56. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.17 and a quick ratio of 1.74. The company has a 50 day simple moving average of $153.20 and a 200-day simple moving average of $150.91. Jack Henry & Associates has a 1 year low of $121.04 and a 1 year high of $193.39.

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