Intuit Inc. (NASDAQ:INTU) Declares Dividend Increase – $1.38 Per Share

Intuit Inc. (NASDAQ:INTU) announced a quarterly dividend on Thursday, August 20th. Stockholders of record on Thursday, October 8th will be paid a dividend of 1.38 per share by the software maker on Friday, October 16th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, October 8th. This is a 15.0% increase from Intuit’s previous quarterly dividend of $1.20.

Intuit has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 13 years. Intuit has a dividend payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Intuit to earn $25.98 per share next year, which means the company should continue to be able to cover its $5.52 annual dividend with an expected future payout ratio of 21.2%.

Intuit Stock Performance

INTU traded up $1.45 during trading on Monday, reaching $359.51. 1,842,109 shares of the company’s stock were exchanged, compared to its average volume of 4,382,581. Intuit has a fifty-two week low of $252.84 and a fifty-two week high of $705.08. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $307.36 and a 200 day moving average price of $356.13. The company has a market capitalization of $98.34 billion, a P/E ratio of 21.79, a PEG ratio of 0.92 and a beta of 0.97.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the previous year, the company earned $2.75 earnings per share. The business’s revenue was up 13.7% compared to the same quarter last year. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, analysts predict that Intuit will post 23.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada decreased their price target on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Mizuho cut their price objective on Intuit from $500.00 to $430.00 and set an “outperform” rating for the company in a report on Monday, August 17th. Freedom Capital cut Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Argus cut their price objective on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Finally, UBS Group set a $370.00 price objective on Intuit in a report on Thursday. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $434.68.

Intuit Company Profile

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, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.

The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.