H&R Block, Inc. (HRB) to Issue Quarterly Dividend of $0.38 on April 3rd

H&R Block, Inc. (NYSE:HRB) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Tuesday, March 4th.

H&R Block has raised its dividend by an average of 9.1% per year over the last three years. H&R Block has a dividend payout ratio of 29.1% indicating that its dividend is sufficiently covered by earnings. Research 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 $53.21 on Friday. The business has a 50 day simple moving average of $54.74 and a 200 day simple moving average of $58.68. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $7.29 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 0.84 and a beta of 0.69. H&R Block has a one year low of $44.81 and a one year high of $68.45.

H&R Block (NYSE:HRB) last posted its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing the consensus estimate 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%. On average, sell-side analysts forecast that H&R Block will post 5.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. StockNews.com upgraded H&R Block from a “hold” rating to a “buy” rating in a research report on Wednesday. Barrington Research reaffirmed an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a report on Wednesday.

H&R Block Company Profile

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.