H & R Block Inc (NYSE:HRB) announced a quarterly dividend on Thursday, March 7th, Wall Street Journal reports. Stockholders of record on Monday, March 18th will be given a dividend of 0.25 per share on Monday, April 1st. This represents a $1.00 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Friday, March 15th.
H & R Block has raised its dividend payment by an average of 7.0% annually over the last three years and has increased its dividend every year for the last 3 years. H & R Block has a payout ratio of 51.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect H & R Block to earn $2.06 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 48.5%.
HRB stock opened at $24.21 on Thursday. The company has a market capitalization of $4.96 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 1.23 and a beta of 0.10. H & R Block has a 12 month low of $22.45 and a 12 month high of $29.81. The company has a current ratio of 2.10, a quick ratio of 2.04 and a debt-to-equity ratio of 7.79.
A number of analysts recently issued reports on the stock. Goldman Sachs Group lowered shares of H & R Block from a “neutral” rating to a “sell” rating and set a $22.00 target price on the stock. in a research report on Thursday, January 31st. ValuEngine lowered shares of H & R Block from a “hold” rating to a “sell” rating in a research report on Thursday, January 31st. Morgan Stanley raised their target price on shares of H & R Block from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Friday, December 7th. Finally, Zacks Investment Research upgraded shares of H & R Block from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Thursday, January 24th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.67.
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About H & R Block
H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions, and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees.
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