Intuit Inc. (INTU) to Issue Quarterly Dividend of $1.20 on July 17th

Intuit Inc. (NASDAQ:INTU) announced a quarterly dividend on Wednesday, May 20th. Shareholders of record on Thursday, July 9th will be paid a dividend of 1.20 per share by the software maker on Friday, July 17th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, July 9th.

Intuit has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 13 years. Intuit has a dividend payout ratio of 20.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Intuit to earn $20.23 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 23.7%.

Intuit Trading Down 20.0%

Shares of NASDAQ:INTU opened at $307.07 on Friday. The company’s 50-day moving average price is $405.96 and its two-hundred day moving average price is $511.86. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. Intuit has a one year low of $302.36 and a one year high of $813.70. The stock has a market capitalization of $84.92 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.59%. The firm had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. During the same period in the previous year, the firm posted $11.65 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, equities analysts forecast that Intuit will post 17.44 EPS for the current fiscal year.

About Intuit

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.