LONDON, UK / ACCESSWIRE / March 9, 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 March 12, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend) that is by latest at the end of the trading session on March 09, 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 February 27, 2018, H&R Block announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per share, payable April 02, 2018, to shareholders of record as of March 13, 2018.
H&R Block's indicated dividend represents a yield of 3.73%, which is substantially higher than the average dividend yield of 1.98% for the Services sector. H&R Block has paid quarterly dividends consecutively since the Company went public in 1962.
Dividend Insight
H&R Block has a dividend payout ratio of 36.2%, which indicates that the Company spends approximately $0.36 for dividend distribution for 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 $2.34 for the next year, which is more than double compared to the Company's annualized dividend of $0.96 per share.
As of January 31, 2018, H&R Block's cash and cash equivalents totaled $187.37 million compared to $221.17 million as on January 31, 2017. The Company's total current assets were $1.28 billion on January 31, 2018, while its total current liabilities were $666.53 million. 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.
Recent Development for H&R Block
On February 26, 2018, H&R Block announced that Tiffany Scalzitti Monroe as its new Chief People Officer, effective March 05, 2018. Monroe will assume responsibility for all human resources functions, such as organizational and performance management, talent development. Her responsibilities include on- and off-boarding Block's tax season workforce of nearly 80,000 tax professionals.
Ms. Monroe most recently served at US Foods, headquartered near Chicago in Rosemont, Illinois as the Chief Human Resources Officer. Prior to her position at US Foods, Monroe served at Target Corp. for 15 years where she held a variety of leadership positions.
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 2017, H&R Block had annual revenues of over $3 billion with 23 million tax returns prepared worldwide.
Stock Performance Snapshot
March 08, 2018 - At Thursday's closing bell, H&R Block's stock fell 3.69%, ending the trading session at $27.67.
Volume traded for the day: 5.46 million shares, which was above the 3-month average volume of 3.29 million shares.
Stock performance in the last month - up 9.93%; previous three-month period - up 5.25%; past twelve-month period - up 15.58%; and year-to-date - up 5.53%
After yesterday's close, H&R Block's market cap was at $5.89 billion.
Price to Earnings (P/E) ratio was at 14.68.
The stock has a dividend yield of 3.47%.
The stock is part of the Services sector, categorized under the Personal Services industry. This sector was up 0.2% at the end of the session.
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