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

H&R Block, Inc. (NYSE:HRB) announced a quarterly dividend on Tuesday, May 7th, RTT News reports. Shareholders 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 dividend yield of 2.64%. The ex-dividend date is Wednesday, June 5th.

H&R Block has increased its dividend payment by an average of 5.5% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. H&R Block has a dividend payout ratio of 27.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect H&R Block to earn $4.69 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 27.3%.

H&R Block Price Performance

H&R Block stock opened at $48.55 on Thursday. H&R Block has a 12-month low of $28.83 and a 12-month high of $52.90. The stock has a market capitalization of $6.77 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 0.89 and a beta of 0.69. The firm has a 50 day simple moving average of $47.68 and a 200-day simple moving average of $46.68.

H&R Block (NYSE:HRB) last issued its quarterly earnings results on Tuesday, February 6th. The company reported ($1.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.58) by $0.31. H&R Block had a negative return on equity of 227.22% and a net margin of 16.98%. The firm had revenue of $179.10 million during the quarter, compared to analyst estimates of $169.45 million. During the same period last year, the company posted ($1.37) EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts forecast that H&R Block will post 4.25 earnings per share for the current fiscal year.

Insider Activity at H&R Block

In other H&R Block news, CEO Jeffrey J. Jones II sold 85,921 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $49.21, for a total value of $4,228,172.41. Following the transaction, the chief executive officer now directly owns 755,359 shares of the company’s stock, valued at approximately $37,171,216.39. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. The Goldman Sachs Group upped their price target on H&R Block from $34.00 to $38.00 and gave the company a “sell” rating in a report on Wednesday, February 7th. Barrington Research reiterated an “outperform” rating and set a $55.00 price target on shares of H&R Block in a report on Wednesday, May 1st. Finally, StockNews.com upgraded H&R Block from a “hold” rating to a “buy” rating in a report on Thursday, March 7th.

About H&R Block

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.