H&R Block, Inc. (NYSE:HRB – Get Free Report) announced a quarterly dividend on Tuesday, August 11th. Shareholders of record on Thursday, September 3rd will be paid a dividend of 0.46 per share on Tuesday, October 6th. This represents a c) dividend on an annualized basis and a 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 raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 9 consecutive years. H&R Block has a dividend payout ratio of 32.6% indicating that its dividend is sufficiently covered by earnings. 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 Stock Up 15.9%
NYSE:HRB traded up $7.44 during trading hours on Wednesday, reaching $54.11. 3,371,842 shares of the stock were exchanged, compared to its average volume of 2,402,040. The business has a 50-day moving average of $40.00 and a two-hundred day moving average of $35.72. H&R Block has a twelve month low of $28.16 and a twelve month high of $58.67. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 0.65 and a beta of 0.34.
Analysts Set New Price Targets
Several research firms have weighed in on HRB. Stephens started coverage on H&R Block in a research report on Tuesday, July 28th. They issued an “equal weight” rating and a $47.00 target price for the company. The Goldman Sachs Group reissued a “sell” rating and set a $33.00 price target on shares of H&R Block in a research report on Wednesday. Barrington Research reissued an “outperform” rating and issued a $50.00 price objective on shares of H&R Block in a research note on Monday, April 27th. Zacks Research cut shares of H&R Block from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Weiss Ratings raised shares of H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $43.33.
Get Our Latest Research Report on H&R Block
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.
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