H&R Block (HRB) Raises Quarterly Dividend 4% to $0.26, 3.8% Yield; Announces Share Buyback Extension
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H&R Block Reports Fiscal 2019 Results; Enters into Agreement to Acquire Wave Financial; Announces Dividend Increase and Extension of Share Repurchase Authorization
June 11, 2019 8:05 AM EDTAchieved overall U.S. tax return growth, outpacing the industry for the second consecutive year. Reported fiscal 2019 revenues and margins at the high end of previously-provided outlook. Signed definitive agreement to acquire Wave Financial Inc. (Wave), accelerating the companys strategy in the large and expanding small business market, providing new growth opportunities. Announced dividend increase to an annual rate of $1.04, or $0.26 per quarter, representing a 4 percent increase over the prior year.Repurchased approximately 7.9 million shares for $185 million during the fiscal year; extended share repurchase authorization to June... More
