Jack Henry Hikes Dividend

The payout becomes 5.5 cents.
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Jack Henry & Associates

(JKHY) - Get Report

, a provider of integrated computer systems and processor of ATM/debit card transactions, raised its quarterly cash dividend by 22% to 5.5 cents.

The cash dividend on common shares is payable on March 2 to stockholders of record as of Feb. 16.

"One of our long-time corporate goals, which we established in 1990, has been to increase dividends on an annual basis," the company said. "While we have typically increased dividends at a discount to our earnings growth, it is the opinion of our board of directors that the market has not adequately rewarded our stockholders for our earnings performance during the past couple of years. In response, the Jack Henry Board has voted to increase our dividend by 22 % to 5.5 cents a share per quarter."

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