Jack Henry boosts dividend by 8%
Jack Henry & Associates Inc. said Monday it raised it quarterly dividend by 8.1%, to 40 cents a share from 37 cents a share. The payment processing services company's new dividend will be payable March 18 to shareholders of record on March 1. Based on Friday's stock closing price, the new annual dividend rate implies a dividend yield of 1.21%, compared with the implied yield for the S&P 500 of 2.08%. The stock has climbed 15.0% over the past 12 months, while the S&P 500 has gained 3.4%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.