NIC Inc. announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2016. For the quarter, the company reported total revenues of $80,373,000, operating income before income taxes of $20,388,000, net income of $16,235,000, compared to the total revenues of $75,047,000, operating income before income taxes of $19,931,000, net income of $12,750,000, for the same quarter a year ago.

For the year to date, the company reported total revenues of $239,573,000, operating income before income taxes of $61,085,000, net income of $42,190,000, net cash provided by financing activities of $1,549,000 compared to the total revenues of $221,218,000, operating income before income taxes of $53,230,000, net income of $32,994,000, net cash provided by financing activities of $1,367,000 for the same period a year ago.

The company has declared a special cash dividend of 65 cents per share, payable on December 9, 2016 to stockholders of record on November 16, 2016. The dividend payout will total approximately $43.3 million based on the current number of shares outstanding.

In addition, the company's board of directors approved the initiation of a regular quarterly cash dividend at a rate of $0.08 per share. The company currently intends to commence the regular dividend in the first quarter of 2017.

The company provided effective tax rate guidance for the full year of 2016. The company currently anticipates on a go-forward basis effective tax rate to approximately 36.5% to 37%, down from previous effective tax rate of approximately 38% as a result of these tax benefits.