H&R Block, Inc. (HRB) to Issue Quarterly Dividend of $0.32 on July 3rd

H&R Block, Inc. (NYSE:HRBGet Free Report) announced a quarterly dividend on Tuesday, May 7th, RTT News reports. Investors of record on Wednesday, June 5th will be given a dividend of 0.32 per share on Wednesday, July 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Wednesday, June 5th.

H&R Block has increased its dividend by an average of 5.5% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. H&R Block has a dividend payout ratio of 27.4% meaning its dividend is sufficiently covered by earnings. Analysts expect H&R Block to earn $4.75 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 26.9%.

H&R Block Stock Up 1.1 %

H&R Block stock opened at $49.64 on Monday. The company has a 50 day moving average of $48.89 and a 200-day moving average of $47.78. H&R Block has a twelve month low of $29.80 and a twelve month high of $54.21. The stock has a market capitalization of $6.93 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.92 and a beta of 0.69.

H&R Block (NYSE:HRBGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $4.94 EPS for the quarter, beating the consensus estimate of $4.66 by $0.28. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.14 billion. H&R Block had a net margin of 17.87% and a negative return on equity of 224.81%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.20 EPS. Equities analysts anticipate that H&R Block will post 4.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HRB. StockNews.com upgraded H&R Block from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. The Goldman Sachs Group lifted their price objective on shares of H&R Block from $34.00 to $38.00 and gave the company a “sell” rating in a report on Wednesday, February 7th. Finally, Barrington Research increased their target price on shares of H&R Block from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, May 28th.

Read Our Latest Report on H&R Block

H&R Block Company Profile

(Get Free Report)

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.

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Dividend History for H&R Block (NYSE:HRB)

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