Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Jack Henry ups dividend adds buy-back shares
MONETT, Mo. (2/7/08)—Jack Henry and Associates has increased its quarterly cash dividend 15% to $0.75 per share. The dividend on common stock, valued at $0.01 per share, will be paid on March 6 to shareholders of record as of Feb. 19. As of Jan. 29, there were 87,376,885 shares of common stock outstanding. The company also increased its 10 million share stock repurchase authorization by another five million shares, bringing the total authorization to 15 million shares. In September 2001, the company approved a buyback program authorizing the repurchase of three million shares of common stock, which was completed June 30, 2003. In October 2002, the board approved the current buyback program for three million shares. The shares increased by two million on May 2, 2005, and by five million on Aug. 28, 2006. The company will refinance its share repurchases with cash reserves or short-term borrowings from its credit facility. Jack Henry and Associates is a provider of computer systems and ATM/debit card and automated clearinghouse transaction processing services for financial service organizations.


RSS print
News Now LiveWire
#NewsNow: @CFPB offers tips for consumers who think their credit/debit cards have been hacked. http://t.co/rHnfYkJPIj
13 hours ago
See who's 1st to earn @CUNA's new biz development designation #NewsNow http://t.co/vn5ch4HkRC
15 hours ago
Joe Bergeron, president/CEO of the Association of Vt. CUs, has been re-elected to the board of the @NCBACLUSA
15 hours ago
NCUA reminds: CU managers/directors looking to improve leadership skills still can register 4 Leadership Boot Camps. http://t.co/0AUtIpWNqr
15 hours ago
Australia's Customer Owned Banking Association is @fileneresearch 's latest Gold benefactor.
17 hours ago