H&R Block (HRB) will raise its quarterly dividend by 4.0 percent to $0.24 per share in 2018. Last year the tax services provider raised its dividend by 1 cent to $0.25 quarterly.

The next dividend is payable on July 1, 2019 to shareholders of record as of June 21, 2019. A new annual rate of $1.04 per share yields 3.7% at a stock price of $27.78.

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