H&R Block (HRB) Raises Quarterly Dividend 4% to $0.26, 3.8% Yield; Announces Share Buyback Extension

H&R Block (NYSE: HRB) declared a quarterly dividend of $0.26 per share, or $1.04 annualized. This is a 4% increase from the prior dividend of $0.25.

The dividend will be payable on July 1, 2019, to stockholders of record on June 21, 2019, with an ex-dividend date of June 20, 2019.

The annual yield on the dividend is 3.8 percent.

Share Repurchase Extension

The company also announced that its Board of Directors extended its previous share repurchase authorization three years. Approximately $1.0 billion remains under this authorization, which now expires in June 2022. During the fourth quarter of fiscal 2019, the company repurchased 3.2 million shares for $75 million, bringing total fiscal 2019 repurchases to 7.9 million shares for $185 million, at an average price of $23.51.

For a dividend history and other dividend-related data on H&R Block (HRB) click here.

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