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

H&R Block, Inc. (NYSE:HRB) declared 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 dividend on an annualized basis 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 29.1% meaning its dividend is sufficiently covered by earnings. 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

Shares of HRB stock opened at $54.10 on Friday. The stock has a 50-day moving average of $54.86 and a 200-day moving average of $58.71. H&R Block has a one year low of $42.28 and a one year high of $68.45. The stock 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. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.77 and a quick ratio of 0.77.

H&R Block (NYSE:HRB) last issued 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%. As a group, sell-side analysts expect that H&R Block will post 5.27 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on HRB shares. StockNews.com raised H&R Block from a “hold” rating to a “buy” rating in a research note on Wednesday. Barrington Research reaffirmed an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a research note on Wednesday.

About H&R Block

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.