Intuit Inc. (NASDAQ:INTU) Plans Quarterly Dividend of $1.20

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

Intuit has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 13 years. Intuit has a 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 Price Performance

NASDAQ:INTU traded down $76.86 during trading hours on Thursday, reaching $307.07. 22,311,268 shares of the company were exchanged, compared to its average volume of 3,847,877. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The stock’s 50-day moving average is $408.90 and its 200-day moving average is $514.39. The firm has a market cap of $84.92 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 1.61 and a beta of 1.04. Intuit has a twelve month low of $302.36 and a twelve month high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The company had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $11.65 earnings per share. 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, sell-side analysts anticipate that Intuit will post 17.44 earnings per share 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.