18% increase...Jack Henry declares dividend

Jack Henry & Associates Inc.'s board of directors declared a regular quarterly cash dividend of .065 cents per share on its common stock, par value at 1 cent per share, payable on March 12 to stockholders of record of its common stock as of Feb. 19. At Jan. 30, 18,890,849 shares of the common stock were outstanding, according to a release from the company.

This is an 18 percent increase and is the 10th increase in the company's regular quarterly cash dividend since dividends were issued in 1990, the release stated.

The Monett-based business also reported total assets of $89,014 as of Dec. 31, 1997, up from $82,069 as of June 30, 1997. Gross profit increased to $13,641,000 in the second quarter ended Dec. 31, 1997, a 34 percent increase over last year, the release said. The gross margin was 50 percent of sales compared to 48 percent last year.

Jack Henry & Associates is a leading provider of integrated computer systems that perform data processing for banks and related financial institutions. The company was founded in 1976. Its software systems have been installed at more than 1,480 banks and financial institutions.

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