H&R Block, Inc. (NYSE:HRB – Get Rating) declared a quarterly dividend on Tuesday, August 9, reports RTT News. Investors of record on Thursday, September 8 will receive a dividend of 0.29 per share on Monday, October 3. This represents an annualized dividend of $1.16 and a yield of 2.94%. This is a positive change from H&R Block’s previous quarterly dividend of $0.27.

H&R Block has increased its dividend payout by an average of 2.6% per year over the past three years and has increased its dividend every year for the past 1 years. H&R Block has a payout ratio of 37.9%, which means its dividend is sufficiently covered by earnings. Analysts expect H&R Block to earn $3.65 per share next year, meaning the company should continue to be able to cover its annual dividend of $1.08 with a future payout ratio. forecast of 29.6%.

Performance of H&R Block shares

NYSE HRB traded down $0.77 on Tuesday, hitting $39.44. 3,754,343 shares were traded, against an average volume of 2,353,033. The company has a debt ratio of 33.14, a current ratio of 1.10 and a quick ratio of 1.10. The company’s 50-day moving average is $36.58 and its 200-day moving average is $30.10. H&R Block has a 52-week low of $21.08 and a 52-week high of $40.60. The company has a market capitalization of $6.29 billion, a PE ratio of 11.57, a P/E/G ratio of 0.88 and a beta of 0.69.

H&R Block (NYSE:HRB – Get Rating) last released quarterly earnings data on Tuesday, May 10. The company reported earnings per share of $4.11 for the quarter, beating the consensus estimate of $3.51 by $0.60. H&R Block had a net margin of 16.61% and a return on equity of 6,248.49%. The company posted revenue of $2.06 billion for the quarter, versus analyst estimates of $1.94 billion. In the same period of the previous year, the company made ($1.17) earnings per share. The company’s revenue increased 3.9% year over year. Research analysts expect H&R Block to post EPS of 3.44 for the current fiscal year.

Institutional investors weigh in on H&R Block

A number of large investors have recently bought and sold shares of the company. State Street Corp increased its stake in H&R Block shares by 13.9% in Q1. State Street Corp now owns 7,889,986 shares of the company valued at $207,444,000 after purchasing an additional 961,159 shares last quarter. Lazard Asset Management LLC increased its position in H&R Block by 0.7% in the 1st quarter. Lazard Asset Management LLC now owns 5,944,998 shares of the company worth $154,807,000 after purchasing an additional 40,977 shares during the period. Charles Schwab Investment Management Inc. increased its position in H&R Block by 186.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,969,445 shares of the company worth $77,325,000 after purchasing an additional 1,933,031 shares during the period. Dimensional Fund Advisors LP increased its position in H&R Block by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,888,095 shares of the company worth $49,167,000 after purchasing an additional 26,323 shares during the period. Finally, Bank of America Corp DE increased its position in H&R Block by 31.4% in the 1st quarter. Bank of America Corp DE now owns 726,662 shares of the company worth $18,921,000 after purchasing an additional 173,654 shares during the period. 86.46% of the shares are currently held by institutional investors and hedge funds.

About H&R Block

(Get a rating)

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

Featured articles

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider H&R Block, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and H&R Block wasn’t on the list.

While H&R Block currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here