5 Best Consistent Dividend Stocks to Buy

3. Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Consecutive Years of Dividend Growth: 34
5-Year Average Payout Ratio: 39.2%

Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a Missouri-based information technology company that mainly provides payment processing services to the finance industry. In February 2023, the company took its dividend growth streak to 34 years. It currently offers a quarterly dividend of $0.52 per share and has a dividend yield of 1.25%, as of February 28.

Following the company’s recent quarterly earnings, DA Davidson maintained a Neutral rating on Jack Henry & Associates, Inc. (NASDAQ:JKHY) in February, with a $188 price target.

As of the end of the December quarter, 27 hedge funds tracked by Insider Monkey owned stakes in Jack Henry & Associates, Inc. (NASDAQ:JKHY), up from 25 in the previous quarter. These stakes have a consolidated value of over $223 million. AQR Capital Management was the company’s largest stakeholder among these hedge funds.

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