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

Intuit Inc. (NASDAQ:INTU) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Thursday, April 9th will be paid a dividend of 1.20 per share by the software maker on Friday, April 17th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 9th.

Intuit has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Intuit has a dividend payout ratio of 20.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Intuit to earn $16.04 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 29.9%.

Intuit Stock Performance

NASDAQ INTU traded up $10.97 during trading hours on Friday, hitting $405.39. 5,096,380 shares of the stock were exchanged, compared to its average volume of 4,055,837. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit has a 12-month low of $349.00 and a 12-month high of $813.70. The company has a market cap of $112.81 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 1.56 and a beta of 1.24. The stock has a 50-day moving average of $531.35 and a 200 day moving average of $620.12.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.47. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The firm had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the prior year, the business posted $3.32 earnings per share. Intuit’s revenue was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, equities research analysts forecast that Intuit will post 14.09 earnings per share for the current year.

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the sale, the director owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This trade represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott D. Cook sold 1,402 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total transaction of $936,564.04. Following the completion of the transaction, the director owned 5,668,182 shares of the company’s stock, valued at $3,786,458,939.64. This trade represents a 0.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 388,464 shares of company stock valued at $255,514,393 in the last quarter. Company insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Intuit

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tortoise Investment Management LLC lifted its holdings in shares of Intuit by 540.0% in the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after buying an additional 27 shares during the period. Joseph Group Capital Management bought a new position in Intuit during the fourth quarter valued at about $25,000. Intesa Sanpaolo Wealth Management acquired a new position in Intuit during the 4th quarter worth $25,000. Westside Investment Management Inc. boosted its holdings in Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after purchasing an additional 21 shares during the period. Finally, Sagard Holdings Management Inc. bought a new position in shares of Intuit during the 2nd quarter worth about $28,000. Institutional investors own 83.66% of the company’s stock.

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.