H&R Block, Inc. (NYSE:HRB) Declares Quarterly Dividend of $0.32

H&R Block, Inc. (NYSE:HRB) declared a quarterly dividend on Tuesday, May 7th, RTT News reports. Stockholders of record on Wednesday, June 5th will be paid a dividend of 0.32 per share on Wednesday, July 3rd. This represents a $1.28 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Wednesday, June 5th.

H&R Block has raised its dividend payment by an average of 5.5% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. H&R Block has a payout ratio of 27.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect H&R Block to earn $4.69 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 27.3%.

H&R Block Stock Performance

Shares of NYSE HRB opened at $48.55 on Thursday. The stock has a 50 day moving average price of $47.68 and a 200 day moving average price of $46.68. The stock has a market capitalization of $6.77 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 0.89 and a beta of 0.69. H&R Block has a 52 week low of $28.83 and a 52 week high of $52.90.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, February 6th. The company reported ($1.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.58) by $0.31. H&R Block had a net margin of 16.98% and a negative return on equity of 227.22%. The firm had revenue of $179.10 million for the quarter, compared to analyst estimates of $169.45 million. During the same period in the prior year, the firm posted ($1.37) earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, research analysts forecast that H&R Block will post 4.25 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HRB. Barrington Research reissued an “outperform” rating and set a $55.00 target price on shares of H&R Block in a report on Wednesday, May 1st. StockNews.com upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Finally, The Goldman Sachs Group boosted their price objective on H&R Block from $34.00 to $38.00 and gave the stock a “sell” rating in a report on Wednesday, February 7th.

Insiders Place Their Bets

In other news, CEO Jeffrey J. Jones II sold 85,921 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $49.21, for a total value of $4,228,172.41. Following the completion of the sale, the chief executive officer now owns 755,359 shares of the company’s stock, valued at $37,171,216.39. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.

H&R Block Company Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.