Jack Henry Keeps Dividend Steady
Financial services technology specialist Jack Henry Associatesannounced yesterday its third-quarter dividend of $0.20 per share, the same rate it paid last quarter after raising the payout 53% from $0.13 per share.
The board of directors said the quarterly dividend is payable on September 27 to holders of record at the close of business on September 6. The computer systems and electronic payments systems provider has made quarterly payouts to investors since 1990.
The regular dividend payment equates to a $0.80-per-share annual dividend, yielding 1.6% based on the closing price today of Jack Henry's stock.
The article Jack Henry Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.