H&R Block, Inc. (HRB) to Issue Quarterly Dividend of $0.42 on July 7th

H&R Block, Inc. (NYSE:HRB) announced a quarterly dividend on Monday, May 4th. Investors of record on Wednesday, June 3rd will be paid a dividend of 0.42 per share on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Wednesday, June 3rd.

H&R Block has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 9 years. H&R Block has a dividend payout ratio of 32.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect H&R Block to earn $5.35 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 31.4%.

H&R Block Stock Performance

NYSE HRB opened at $30.03 on Wednesday. H&R Block has a 52 week low of $28.16 and a 52 week high of $64.62. The stock’s 50 day moving average price is $31.17 and its two-hundred day moving average price is $38.61. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 6.93, a PEG ratio of 0.50 and a beta of 0.29.

H&R Block (NYSE:HRB) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported ($1.84) earnings per share for the quarter, topping the consensus estimate of ($1.96) by $0.12. The company had revenue of $198.87 million during the quarter, compared to analysts’ expectations of $187.36 million. H&R Block had a net margin of 16.19% and a negative return on equity of 176.02%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the business earned ($1.73) EPS. On average, equities research analysts forecast that H&R Block will post 4.98 EPS for the current year.

H&R Block Company Profile

H&R Block (NYSE: HRB) is a leading provider of tax preparation services and software solutions, serving individual and small-business clients through a combination of retail offices, online platforms and mobile applications. The company offers assisted tax preparation at its network of retail offices, where clients work with trained tax professionals, as well as do-it-yourself (DIY) software and online filing services designed to guide users through the complexities of federal and state tax returns.

Founded in 1955 by brothers Henry W.