Intuit (INTU) Breaks New Ground: A 15.4% Dividend Surge to $0.90 Per Share Unveiled in 2023.
Intuit, a pioneering financial software powerhouse (INTU), made headlines on August 25, 2023, with a significant dividend escalation by 15.4%, reaching $0.90 quarterly per share for the year. This move underscores Intuit's role as a leading developer and purveyor of accounting, tax preparation, and financial management software for both individuals and enterprises, having consistently boosted dividends over 12 consecutive years.
The bolstered INTU dividend is slated for disbursement on October 17, 2023, exclusively for shareholders on record by October 9. Mark your calendar for the upcoming ex-dividend date on October 5, 2023. With a stock price of $519, the dividend yield impressively stands at 0.69%, aligning with Intuit's commitment to delivering value. The company now allocates an estimated $1.08 billion annually in dividends, an evident testament to its unwavering dedication. Last year, Intuit achieved a 14.7% dividend upswing.
Intuit Inc. is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. Intuit's reportable segments are: Small Business & Self-Employed, Consumer and Strategic Partner. The company's products and platforms, including QuickBooks, TurboTax, Mint and Turbo, are designed to help customers better manage their money, reduce their debt and file their taxes with ease. Intuit has offices in the United States, Canada, India, the United Kingdom, Israel, Australia, and other locations. Intuit was incorporated in California in March 1984. The company was reincorporated in Delaware and completed our initial public offering in March 1993.