H&R Block, Inc. (NYSE:HRB) Announces Quarterly Dividend of $0.46

H&R Block, Inc. (NYSE:HRB) announced a quarterly dividend on Monday, November 9th. Investors of record on Thursday, December 3rd will be paid a dividend of $0.46 per share on Wednesday, January 6th. This represents a $1.84 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Thursday, December 3rd.

H&R Block has raised 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 35.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect H&R Block to earn $6.51 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 28.3%.

H&R Block Stock Down 2.8%

Shares of HRB opened at $51.21 on Tuesday. The company has a debt-to-equity ratio of 12.69, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $6.27 billion, a P/E ratio of 8.95, a P/E/G ratio of 0.73 and a beta of 0.40. The stock has a 50 day simple moving average of $46.76 and a two-hundred day simple moving average of $39.60. H&R Block has a 1 year low of $28.16 and a 1 year high of $58.67.

H&R Block (NYSE:HRB) last posted its earnings results on Monday, November 9th. The company reported ($1.40) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.43) by $0.03. H&R Block had a negative return on equity of 214.84% and a net margin of 18.59%. The firm had revenue of $224.34 million for the quarter, compared to analysts’ expectations of $212.28 million. During the same period in the previous year, the firm earned ($1.20) earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. On average, analysts forecast that H&R Block will post 6.11 earnings per share for the current fiscal year.

About H&R Block

H&R Block, Inc provides tax preparation and related financial services to individuals and small businesses. Its offerings include in-person tax preparation, online do-it-yourself filing, virtual tax assistance, and tax software, along with bookkeeping and other small-business services through its Block Advisors and Wave brands.

Founded in 1955 in Kansas City, Missouri, by brothers Henry and Richard Bloch, the company grew from a local tax preparation business into a provider of tax services through offices and digital channels.