Ex-Dividend Alert: H&R Block has a Dividend Yield of 3.77%; Will Trade Ex-Dividend on December 01, 2017

LONDON, UK / ACCESSWIRE / November 30, 2017 / 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 December 01, 2017. In order 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 November 30, 2017. 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 November 03, 2017, H&R Block announced that its Board of Directors declared a quarterly cash dividend of $0.24 per share, payable January 02, 2018, to shareholders of record as of December 04, 2017.

H&R Block’s indicated dividend represents a yield of 3.77%, which is substantially higher compared to the average dividend yield of 1.95% for the Services sector. The Company has paid quarterly dividends consecutively since it went public in 1962.

Dividend Insights

H&R Block has a dividend payout ratio of 48.5%, which denotes that the Company spends approximately $0.49 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 $2.05 for the next year, which is more than double the Company’s annualized dividend of $0.96 per share.

As of July 31, 2017, H&R Block’s cash and cash equivalents totaled $551.57 million compared to $306.87 million as on July 31, 2016. 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 November 06, 2017, H&R Block announced the election of Matthew E. Winter, President of The Allstate Corporation, to serve on its Board of Directors, effective on November 3rd, 2017.

Winter was named President of The Allstate Corporation in January 2015 after serving the Company in various executive leadership roles since 2009. Before joining Allstate, Winter spent 15 years serving in various capacities for other large financial institutions and insurance providers. He also practiced law for several years and served for more than 12 years on active duty with the United States Army.

Winter earned his Bachelor of Science degree from the University of Michigan, his Juris Doctor from the Albany Law School of Union University, and a Master of Laws degree from the University of Virginia School of Law.

About H&R Block

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

November 29, 2017 – At Wednesday’s closing bell, H&R Block’s stock climbed 1.25%, ending the trading session at $25.87.

Volume traded for the day: 2.64 million shares.

Stock performance in the last month – up 2.25%; past twelve-month period – up 15.59%; and year-to-date – up 12.53%

After yesterday’s close, H&R Block’s market cap was at $5.45 billion.

Price to Earnings (P/E) ratio was at 13.40.

The stock has a dividend yield of 3.71%.

The stock is part of the Services sector, categorized under the Personal Services industry. This sector was up 0.4% at the end of the session.

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