H&R Block (HRB) Reports In-Line Q4 EPS; Boosts Qtr. Dividend 10%

H&R Block (NYSE: HRB) reported Q4 EPS of $3.15, in-line with the analyst estimate of $3.15. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.28 billion.

The company is making strategic changes which it believes will yield positive results in the short- and long-term. Specifically, the company is investing in initiatives aimed at driving client volumes for fiscal year 2017. Such initiatives will be funded through the Company's previously announced cost reduction efforts. Long term, the company is developing innovative solutions designed to enhance the client experience, regardless of how the client chooses to be served.

Dividend Hike:

H&R Block (NYSE: HRB) declared a quarterly dividend of $0.22 per share, or $0.88 annualized. This is a 10% increase from the prior dividend of $0.20.

The dividend will be payable on July 1, 2016, to stockholders of record on June 20, 2016, with an ex-dividend date of June 16, 2016.

The annual yield on the dividend is 4.1 percent.

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

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