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

H&R Block, Inc. (NYSE:HRB) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Tuesday, March 4th will be given a dividend of 0.375 per share on Thursday, April 3rd. This represents a $1.50 annualized dividend and a dividend yield of 2.77%.

H&R Block has raised its dividend payment by an average of 9.1% annually over the last three years. H&R Block has a dividend payout ratio of 29.2% meaning its dividend is sufficiently covered by earnings. Research 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 H&R Block stock traded down $0.27 on Thursday, hitting $54.10. The stock had a trading volume of 1,297,837 shares, compared to its average volume of 1,193,800. H&R Block has a twelve month low of $42.28 and a twelve month high of $68.45. The business’s 50 day moving average is $54.96 and its two-hundred day moving average is $58.74. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 0.84 and a beta of 0.69.

H&R Block (NYSE:HRB) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share (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%. Analysts forecast that H&R Block will post 5.27 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. StockNews.com upgraded H&R Block from a “hold” rating to a “buy” rating in a research note on Wednesday. Barrington Research reiterated an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a research note on Wednesday.

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.