KANSAS CITY, MO, Dec 08, 2011 (MARKETWIRE via COMTEX) -- H&R Block, Inc. (NYSE: HRB) announced today that its Board of Directors has increased the annual cash dividend on the company's common shares by 33 percent to $0.80 cents per share from $0.60 per share.
The increase is effective with the quarterly cash dividend of $0.20 per share, payable on January 5, 2012, to shareholders of record as of December 22, 2011. The January 5 payment marks the company's 197th consecutive quarterly dividend.
"This dividend increase is a direct reflection of the company's continued commitment to strong shareholder returns," said Bill Cobb, H&R Block's president and CEO. "It's a bold move that shows we are confident in our ability to grow clients and market share, and confident in our future."
H&R Block Inc. (NYSE: HRB) has prepared more than 575 million tax returns worldwide since 1955, making it the country's largest tax services provider. In fiscal 2011, H&R Block had annual revenues of $3.8 billion and prepared more than 24.5 million tax returns worldwide, including Canada and Australia. Tax return preparation services are provided in company-owned and franchise retail tax offices by approximately 100,000 professional tax preparers, and through H&R Block At Home(TM) digital products. H&R Block Bank provides affordable banking products and services. For more information, visit the H&R Block Online Press Center.
SOURCE: H & R Block