H&R Block, Inc. (NYSE:HRB) Raises Dividend to $0.46 Per Share

H&R Block, Inc. (NYSE:HRBGet Free Report) announced a quarterly dividend on Tuesday, August 11th. Investors of record on Thursday, September 3rd will be given a dividend of 0.46 per share on Tuesday, October 6th. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date 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 increased its dividend every year for the last 9 years. H&R Block has a dividend payout ratio of 32.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect H&R Block to earn $5.65 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 29.7%.

H&R Block Price Performance

HRB stock traded up $6.87 during trading on Wednesday, hitting $53.54. 2,877,142 shares of the company traded hands, compared to its average volume of 2,401,085. H&R Block has a 1 year low of $28.16 and a 1 year high of $58.67. The company has a market cap of $6.79 billion, a PE ratio of 9.53, a P/E/G ratio of 0.65 and a beta of 0.34. The stock’s 50-day simple moving average is $40.00 and its 200 day simple moving average is $35.72.

H&R Block (NYSE:HRBGet Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.17. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.12 billion. H&R Block had a net margin of 18.90% and a negative return on equity of 211.62%. The business’s revenue was up 255.5% on a year-over-year basis. During the same quarter last year, the company earned $2.27 EPS. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. Research analysts expect that H&R Block will post 5.18 earnings per share for the current year.

Hedge Funds Weigh In On H&R Block

A number of large investors have recently added to or reduced their stakes in HRB. Plato Investment Management Ltd purchased a new position in H&R Block during the second quarter valued at $61,000. Bank of New York Mellon Corp purchased a new stake in shares of H&R Block during the second quarter worth about $56,220,000. Handelsbanken Fonder AB raised its position in shares of H&R Block by 8.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 37,500 shares of the company’s stock worth $1,428,000 after purchasing an additional 2,800 shares during the last quarter. Carolina Wealth Advisors LLC raised its position in shares of H&R Block by 14.3% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 58,629 shares of the company’s stock worth $2,233,000 after purchasing an additional 7,326 shares during the last quarter. Finally, Affinity Capital Advisors LLC lifted its stake in H&R Block by 62.8% in the 2nd quarter. Affinity Capital Advisors LLC now owns 12,094 shares of the company’s stock valued at $474,000 after buying an additional 4,666 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.

About H&R Block

(Get Free Report)

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.

See Also

Dividend History for H&R Block (NYSE:HRB)

Receive News & Ratings for H&R Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&R Block and related companies with MarketBeat.com's FREE daily email newsletter.