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

H&R Block, Inc. (NYSE:HRB - Get Free Report) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders 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 dividend yield of 2.85%. The ex-dividend date is Tuesday, March 4th.

H&R Block has raised its dividend by an average of 9.1% annually over the last three years. H&R Block has a payout ratio of 29.1% indicating that 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

HRB traded down $0.61 during trading on Monday, hitting $52.61. The stock had a trading volume of 963,260 shares, compared to its average volume of 1,188,637. H&R Block has a 12 month low of $45.64 and a 12 month high of $68.45. The company has a current ratio of 0.73, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46. The firm has a market cap of $7.21 billion, a PE ratio of 14.49, a P/E/G ratio of 0.82 and a beta of 0.69. The company has a 50 day simple moving average of $54.61 and a 200-day simple moving average of $58.69.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing analysts' consensus estimates of ($1.59) by ($0.14). H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. Analysts expect that H&R Block will post 5.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HRB. StockNews.com raised shares of H&R Block from a "hold" rating to a "buy" rating in a report on Wednesday, February 5th. Barrington Research reaffirmed an "outperform" rating and set a $70.00 price target on shares of H&R Block in a report on Wednesday, February 5th.

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.