Intuit Inc. (NASDAQ:INTU) to Issue $1.20 Quarterly Dividend

Intuit Inc. (NASDAQ:INTU) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Thursday, July 9th will be paid a dividend of 1.20 per share by the software maker on Friday, July 17th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, July 9th.

Intuit has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 13 years. Intuit has a payout ratio of 20.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Intuit to earn $20.23 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 23.7%.

Intuit Stock Down 20.0%

Shares of INTU stock traded down $76.86 during trading on Thursday, reaching $307.07. The company’s stock had a trading volume of 22,311,268 shares, compared to its average volume of 3,847,877. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $84.92 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 1.61 and a beta of 1.04. The stock’s 50-day moving average price is $408.90 and its 200 day moving average price is $514.39. Intuit has a 1-year low of $302.36 and a 1-year high of $813.70.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. The firm had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, research analysts anticipate that Intuit will post 17.44 EPS for the current year.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the sale, the director directly owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. The trade was a 2.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.49% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intuit

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INTU. Joseph Group Capital Management purchased a new position in shares of Intuit during the fourth quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in Intuit during the 4th quarter worth $25,000. MTM Investment Management LLC grew its position in Intuit by 135.0% during the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after purchasing an additional 27 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in Intuit in the third quarter valued at $33,000. Finally, Birchwood Financial Partners Inc. acquired a new position in Intuit in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

About Intuit

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.