H&R Block, Inc. (NYSE:HRB) declared a quarterly dividend on Friday, November 3rd, RTT News reports. Shareholders of record on Monday, December 4th will be given a dividend of 0.24 per share on Tuesday, January 2nd. This represents a $0.96 dividend on an annualized basis and a yield of 3.99%.

H&R Block has raised its dividend by an average of 1.6% per year over the last three years. H&R Block has a payout ratio of 48.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect H&R Block to earn $2.03 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 47.3%.

H&R Block (NYSE:HRB) traded down $0.43 during mid-day trading on Friday, reaching $24.06. 2,352,877 shares of the company’s stock were exchanged, compared to its average volume of 2,416,500. The firm has a market capitalization of $4.99 billion, a PE ratio of 12.05 and a beta of 0.54.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, August 29th. The company reported ($0.62) EPS for the quarter, hitting analysts’ consensus estimates of ($0.62). The business had revenue of $138.00 million for the quarter, compared to analyst estimates of $129.33 million. H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.56) earnings per share. sell-side analysts expect that H&R Block will post 1.98 EPS for the current fiscal year.

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HRB has been the topic of a number of recent analyst reports. BTIG Research reiterated a “sell” rating and issued a $19.00 price objective on shares of H&R Block in a research note on Tuesday, August 29th. Credit Suisse Group reiterated a “neutral” rating and issued a $30.00 price objective (up from $29.00) on shares of H&R Block in a research note on Wednesday, August 30th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of H&R Block in a research note on Thursday, August 31st. Zacks Investment Research lowered H&R Block from a “hold” rating to a “sell” rating in a research note on Thursday, August 31st. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $31.00 price objective on shares of H&R Block in a research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $26.67.

H&R Block Company Profile

H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories.

Dividend History for H&R Block (NYSE:HRB)

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