Intuit Inc. Plans Quarterly Dividend of $0.25 (INTU)
Intuit (NASDAQ:INTU) declared a quarterly dividend on Monday, August 25th, AR Network reports. Investors of record on Friday, October 10th will be given a dividend of 0.25 per share on Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, October 8th. This is an increase from Intuit’s previous quarterly dividend of $0.19.
INTU has been the subject of a number of recent research reports. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Intuit in a research note on Friday. They now have a $100.00 price target on the stock, up previously from $89.00. On the ratings front, analysts at Barclays raised their price target on shares of Intuit from $69.00 to $90.00 in a research note on Friday. They now have an “equal weight” rating on the stock. Finally, analysts at Wedbush raised their price target on shares of Intuit from $87.00 to $95.00 in a research note on Friday. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $81.43.
Shares of Intuit (NASDAQ:INTU) traded down 0.80% on Monday, hitting $82.90. The stock had a trading volume of 3,519,180 shares. Intuit has a 52-week low of $61.50 and a 52-week high of $86.80. The stock’s 50-day moving average is $82.20 and its 200-day moving average is $78.46. The company has a market cap of $23.544 billion and a P/E ratio of 27.06.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.06. The company had revenue of $714.00 million for the quarter, compared to the consensus estimate of $699.49 million. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. Analysts expect that Intuit will post $2.92 EPS for the current fiscal year.
Intuit Inc (NASDAQ:INTU) is a provider of business and financial management solutions for small businesses, consumers, accounting professionals and financial institutions.
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