H&R Block: 17% dividend increase, new $1.5 billion buyback

RES profit increases to 2 million in 2023 Dividend of

(Telestock) – H&R Blocka U.S. company that provides tax preparation services, financial products and solutions for small businesses, closed the fiscal year ended June 30, 2024 with a sales of $3.6 billion (4% increase) and useful per share from continuing operations of $4.14 (up 16%).

In fiscal year 2024, the company has repurchased $350 million, or another 5.5%, of the shares outstanding at an average price of $43.66.

The company announced a 17% increase in its dividend quarterly at $0.375 per share. It also announced a new $1.5 billion share repurchase authorization, replacing the previous authorization.

The forecasts for fiscal 2025 point to another year of revenue growth, EBITDA growth that outpaces revenue, and earnings per share that grow even faster.

(Photo: © Veerasak Piyawatanakul)

tlb-finance