H&R Block, Inc. (NYSE:HRB) Raises Dividend to $0.42 Per Share

H&R Block, Inc. (NYSE:HRB) announced a quarterly dividend on Tuesday, August 12th, RTT News reports. Investors of record on Thursday, September 4th will be given a dividend of 0.42 per share on Monday, October 6th. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, September 4th. This is a 12.0% increase from H&R Block’s previous quarterly dividend of $0.38.

H&R Block has a dividend payout ratio of 29.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect H&R Block to earn $5.10 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 29.4%.

H&R Block Stock Performance

H&R Block stock opened at $49.94 on Thursday. The firm’s 50 day moving average price is $55.27 and its two-hundred day moving average price is $55.75. H&R Block has a twelve month low of $47.00 and a twelve month high of $68.45. The firm has a market cap of $6.69 billion, a PE ratio of 11.17, a P/E/G ratio of 0.81 and a beta of 0.24.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $2.27 earnings per share for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.54). The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.07 billion. H&R Block had a negative return on equity of 134.63% and a net margin of 16.11%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the business earned $1.89 earnings per share. Equities analysts anticipate that H&R Block will post 5.25 EPS for the current fiscal year.

H&R Block Company Profile

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.