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

Intuit Inc. (NASDAQ:INTU) declared a quarterly dividend on Wednesday, May 20th. Stockholders 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) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, July 9th.

Intuit has increased its dividend payment by an average of 0.1%annually over the last three years and has increased 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. 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

Shares of NASDAQ:INTU traded down $76.86 during midday trading on Thursday, hitting $307.07. The company’s stock had a trading volume of 22,311,268 shares, compared to its average volume of 3,847,877. The business’s 50 day simple moving average is $408.90 and its 200 day simple moving average is $514.39. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market cap of $84.92 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 1.61 and a beta of 1.04. Intuit has a 12-month low of $302.36 and a 12-month high of $813.70.

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

Insider Activity

In other news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the sale, the director directly owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. The trade was a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Intuit

Institutional investors and hedge funds have recently made changes to their positions in the stock. Joseph Group Capital Management purchased a new stake in shares of Intuit in the 4th quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of Intuit in the 4th quarter valued at approximately $25,000. HHM Wealth Advisors LLC raised its stake in shares of Intuit by 75.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock valued at $30,000 after acquiring an additional 30 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Intuit in the first quarter valued at approximately $30,000. Finally, MTM Investment Management LLC grew its holdings in shares of Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after purchasing an additional 27 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

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.