Ex-Dividend Alert: H&R Block Raised its Dividend By 4%; Will Trade Ex-Dividend on June 21, 2018

LONDON, UK / ACCESSWIRE / June 20, 2018 / Active-Investors has a free review on H&R Block, Inc. (NYSE: HRB) following the Company’s announcement that it will begin trading ex-dividend on June 21, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on June 20, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on HRB:

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Dividend Declared

On June 12, 2018, H&R Block announced that the Board of Directors approved a 4% increase in its quarterly dividend, to $0.25 per share. A quarterly cash dividend of $0.25 per share is payable on July 02, 2018, to shareholders of record as of June 22, 2018.

H&R Block’s indicated dividend represents a yield of 4.23%, which is more than double compared to the average dividend yield of 1.89% for the Services sector. H&R Block has paid quarterly dividends consecutively since the company went public in 1962.

Dividend Insights

H&R Block has a dividend payout ratio of 52.4%, which denotes that the Company spends approximately $0.52 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, H&R Block is forecasted to report earnings of $2.37 per share for the next year, which is more than double compared to the Company’s annualized dividend payout of $1.00 per share.

As of April 30, 2018, H&R Block’s cash and cash equivalents totaled approximately $1.54 billion compared to $1.01 billion as of April 30, 2017. For the year ended April 30, 2018, the Company’s net cash provided by operating activities were $850.00 million compared to $552.20 million for the year ago same period. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Earnings Update

On June 12, 2018, H&R Block announced fiscal 2018 results. For the reported period, the Company’s total revenues increased 4.1%, to approximately $3.2 billion, driven by improved client volumes and net average charge in its US tax businesses.

For FY18, H&R Block’s net income from continuing operations surged 48.9% to $627 million, primarily due to changes to the Company's effective tax rate, as well as the improvement in pretax income. H&R Block’s diluted earnings per share from continuing operations soared 52.0%, to $2.98 due to the increase in net income.

About H&R Block, Inc.

H&R Block is a global consumer tax services provider. Tax return preparation services are provided by professional tax preparers in approximately 12,000 Company-owned and franchise retail tax offices worldwide, and through H&R Block tax software products for the DIY consumer.

H&R Block also offers adjacent Tax Plus products and services.

In fiscal 2018, the Company had annual revenues of over $3.1 billion with over 23 million tax returns prepared worldwide.

Stock Performance Snapshot

June 19, 2018 - At Tuesday’s closing bell, H&R Block’s stock climbed 1.87%, ending the trading session at $23.99.

Volume traded for the day: 5.31 million shares, which was above the 3-month average volume of 3.17 million shares.

After yesterday’s close, H&R Block’s market cap was at $5.02 billion.

Price to Earnings (P/E) ratio was at 19.83.

The stock has a dividend yield of 4.00%.

The stock is part of the Services sector, categorized under the Personal Services industry.

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