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H&R Block announces $0.32 quarterly dividend

Published 08/05/2024, 07:18 am

KANSAS CITY, Mo. - H&R Block, Inc. (NYSE:HRB), a global provider of tax preparation services, has declared a quarterly cash dividend of $0.32 per share. This dividend is scheduled for payment on July 3, 2024, to shareholders who are on record as of June 5, 2024.

The company, known for its tax services, financial products, and small-business solutions, has a history of consistent dividend payments, having done so for over sixty years since going public in 1962. H&R Block has increased its dividend by more than 60% since April 2016. Additionally, it has returned over $3.8 billion to its shareholders through dividends and share repurchases during this period.

H&R Block's approach to business includes a mix of digital innovation and human expertise. The company aims to provide confidence and help to its clients and communities. Its offerings extend beyond tax preparation to include a mobile banking app named Spruce and small-business services through Block Advisors and Wave. These services encompass bookkeeping, payroll, advisory, and payment processing solutions.

InvestingPro Insights

H&R Block (NYSE:HRB) has demonstrated a strong commitment to shareholder returns, underscored by its recent declaration of a quarterly cash dividend of $0.32 per share. Reflecting this commitment, one of the InvestingPro Tips highlights that H&R Block has raised its dividend for 8 consecutive years. Another notable tip is that the company has maintained dividend payments for an impressive 54 consecutive years, which aligns with its history of consistent dividend payments mentioned in the article.

From a financial perspective, H&R Block's dedication to shareholder value is also evident in its financial metrics. The company's P/E ratio stands at 12.38, suggesting a reasonable valuation relative to its earnings. The InvestingPro Tips further reveal that H&R Block is trading at a low P/E ratio relative to near-term earnings growth, indicating potential for investment value. Additionally, the company has achieved a high return over the last year, with a 1 Year Price Total Return of 55.11%, showcasing its strong performance in the market.

For readers interested in a deeper analysis, there are additional InvestingPro Tips available that provide further insight into H&R Block's financial health and market performance. These tips include information on management's share buyback activities, analysts' earnings revisions, and the company's profitability over the last twelve months. To explore these additional tips and gain a more comprehensive understanding of H&R Block's investment potential, readers can visit InvestingPro. Moreover, by using the coupon code PRONEWS24, readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking even more valuable insights.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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