H&R Block (HRB) will raise its quarterly dividend by 4.2 percent to $0.24 per share in 2018.

Last year the tax services provider raised its dividend by 2 cents to $0.24 quarterly. The new dividend yield for HRB is 4.2%.

The next dividend is payable on July 2, 2018 to shareholders of record as of June 22, 2018. 

H&R Block has paid quarterly dividends consecutively since the company went public in 1962.

H&R Block, Inc. is a consumer tax services provider. The Company provides assisted income tax return preparation, digital do-it-yourself 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.