H&R Block, Inc. (NYSE:HRB) to Issue Dividend Increase - $0.42 Per Share

Key Points

• H&R Block, Inc. has announced a quarterly dividend increase of $0.42 per share, up from the previous dividend of $0.38, representing a 12.0% hike.
• The dividend yield is now at 3.3%, with a payout ratio of 29.1%, indicating the dividend is well-covered by earnings.
• In recent trading, H&R Block's stock price dropped to $51.49, with trading volume significantly exceeding the average.

H&R Block, Inc. (NYSE:HRB - Get Free Report) announced a quarterly dividend on Tuesday, August 12th, RTT News reports. Stockholders of record on Thursday, September 4th will be given a dividend of 0.42 per share on Monday, October 6th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. This is a 12.0% increase from H&R Block's previous quarterly dividend of $0.38.

H&R Block has a dividend payout ratio of 29.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect H&R Block to earn $5.10 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 29.4%.

H&R Block Stock Performance

Shares of H&R Block stock traded down $2.96 during trading on Tuesday, hitting $51.49. The company's stock had a trading volume of 3,761,658 shares, compared to its average volume of 1,435,586. The company has a fifty day simple moving average of $55.59 and a two-hundred day simple moving average of $55.82. The company has a market capitalization of $6.89 billion, a PE ratio of 12.62, a P/E/G ratio of 0.87 and a beta of 0.24. H&R Block has a 52 week low of $49.16 and a 52 week high of $68.45.

H&R Block Company Profile

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.

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