H&R Block seems intent on proving that, like death and taxes, dividend payments can be inevitable. The company has stayed true to long-standing form and declared a quarterly distribution. This is $0.20 per share, to be paid on July 1 to stockholders of record as of June 17. That amount matches each of the tax preparer's previous six payouts, the most recent of which was dispensed at the beginning of April. Before that, the company paid $0.15 per share.
In the press release announcing the new dividend, the company pointed out that this payment marks its 203rd consecutive quarterly payout since going public in 1962.
The just-declared dividend annualizes to $0.80 per share. That yields 2.7% at H&R Block's most recent closing stock price of $29.68.
The article H&R Block Keeps Dividend Steady originally appeared on Fool.com.
Fool contributor Eric Volkman has no position in H&R Block. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.