Jack Henry declares quarterly dividend

Jack Henry & Associates Inc.'s board of directors declared an 8.5-cent dividend for the first quarter.

The cash dividend is payable on common stock May 28 to stockholders of record as of May 18. As of May 4, the company had 83.79 million outstanding shares.

Jack Henry is based in Monett and provides financial technology systems. The company had net income in the first quarter of $24.8 million, or 30 cents per share, down 7 percent from $26.6 million, also 30 cents per share, a year earlier.

Shares (Nasdaq: JKHY) closed Wednesday at $17.55, compared to a 52-week range of $14.29 to $24.45.