H&R Block, Inc. (HRB) to Distribute Quarterly Dividend of $0.46 on October 6th

H&R Block, Inc. (NYSE:HRB) declared a quarterly dividend on Tuesday, August 11th. Stockholders of record on Thursday, September 3rd will be given a dividend of 0.46 per share on Tuesday, October 6th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, September 3rd. This is a 9.5% increase from H&R Block’s previous quarterly dividend of $0.42.

H&R Block has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 9 years. H&R Block has a payout ratio of 32.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect H&R Block to earn $5.51 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 30.5%.

H&R Block Stock Up 16.0%

Shares of NYSE HRB opened at $54.16 on Thursday. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 0.66 and a beta of 0.34. H&R Block has a 52 week low of $28.16 and a 52 week high of $58.67. The firm has a 50-day moving average price of $40.33 and a 200 day moving average price of $35.82.

H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, August 11th. The company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.17. H&R Block had a net margin of 18.59% and a negative return on equity of 147.59%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the business posted $2.27 earnings per share. The firm’s revenue for the quarter was up 255.5% compared to the same quarter last year. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. Equities research analysts expect that H&R Block will post 5.65 EPS for the current fiscal year.

About H&R Block

H&R Block (NYSE: HRB) is a leading provider of tax preparation services and software solutions, serving individual and small-business clients through a combination of retail offices, online platforms and mobile applications. The company offers assisted tax preparation at its network of retail offices, where clients work with trained tax professionals, as well as do-it-yourself (DIY) software and online filing services designed to guide users through the complexities of federal and state tax returns.

Founded in 1955 by brothers Henry W.