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

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

H&R Block has raised its dividend by an average of 9.1% annually over the last three years. H&R Block has a dividend payout ratio of 29.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

H&R Block stock traded down $0.27 during mid-day trading on Thursday, hitting $54.10. 1,297,837 shares of the company’s stock traded hands, compared to its average volume of 1,193,800. H&R Block has a one year low of $42.28 and a one year high of $68.45. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46. The firm has a 50 day moving average price of $54.96 and a 200 day moving average price of $58.74. The company has a market cap of $7.41 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 0.84 and a beta of 0.69.

H&R Block (NYSE:HRB) last announced its earnings results on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing the consensus estimate of ($1.59) by ($0.14). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. On average, equities analysts forecast that H&R Block will post 5.27 EPS for the current year.

Wall Street Analyst Weigh In

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