H&R Block, Inc. (NYSE:HRB) to Issue $0.38 Quarterly Dividend

H&R Block, Inc. (NYSE:HRB) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Investors of record on Tuesday, March 4th will be given a dividend of 0.375 per share on Thursday, April 3rd. This represents a $1.50 dividend on an annualized basis and a yield of 2.77%.

H&R Block has increased its dividend payment by an average of 9.1% per year over the last three years. H&R Block has a dividend payout ratio of 29.1% meaning its dividend is sufficiently covered by earnings. Analysts expect H&R Block to earn $5.10 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 29.4%.

H&R Block Price Performance

H&R Block stock opened at $54.10 on Friday. H&R Block has a 52 week low of $42.28 and a 52 week high of $68.45. The firm has a market cap of $7.41 billion, a P/E ratio of 13.20, a P/E/G ratio of 0.84 and a beta of 0.69. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.77. The business’s fifty day moving average is $54.86 and its two-hundred day moving average is $58.71.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing analysts’ consensus estimates of ($1.59) by ($0.14). H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. Equities research analysts forecast that H&R Block will post 5.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on HRB shares. StockNews.com upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a research report on Wednesday. Barrington Research restated an “outperform” rating and set a $70.00 target price on shares of H&R Block in a research report on Wednesday.

About H&R Block

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.