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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.


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