Jack Henry issues 35-cent dividend

Jack Henry & Associates announced a regular quarterly cash dividend of 35 cents per share. The cash dividend on its common stock, par value of 1 cent per share, is payable on Dec. 3 to stockholders of records as of Nov. 19. As of Oct. 28, there were more than 87.6 million outstanding shares of common stock.

Jack Henry & Associates provides integrated computer systems and processes ATM and debit card transactions for banks and credit unions. Jack Henry markets and supports its systems throughout the United States and has more than 2,800 customers nationwide.

Jack Henry & Associated is located in Monett. It trades on the NASDAQ as JKHY.

Revenues for the quarter were up 2 percent to $94 million, and net income was off 23 percent at $11.3 million.

"In a traditionally slow seasonal quarter, the continued slow down in the capital goods market further hampers sales of our core in-house systems and reduced revenues from software licenses and installations, down 18 percent, as well as hardware, down 3 percent," said Michael E. Henry, chairman and CEO. "We've been through tough markets before, and remain confident that when the market recovers we will be in a great position to generate strong growth in revenues and profits."