H&R Block (HRB) will raise its quarterly dividend by 3.8 percent to 27 cents per share in 2021. This follows a 4.0 percent hike to $0.24 per share in 2019. Last year the tax services provider did not announce a dividend hike.
The next dividend is payable on July 1, 2021 to shareholders of record as of June 25, 2021. A new annual rate of $1.08 per share yields 4.6% at a stock price of $23.25.
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.