Intuit Inc. (INTU) to Issue $0.39 Quarterly Dividend

Intuit Inc. (NASDAQ:INTU) declared a quarterly dividend on Wednesday, November 22nd, Wall Street Journal reports. Investors of record on Wednesday, January 10th will be given a dividend of 0.39 per share by the software maker on Thursday, January 18th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Tuesday, January 9th.

Intuit (NASDAQ:INTU) opened at $164.11 on Monday. Intuit has a fifty-two week low of $111.90 and a fifty-two week high of $164.55. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $41,954.71, a price-to-earnings ratio of 43.53, a P/E/G ratio of 2.95 and a beta of 1.18.

Intuit (NASDAQ:INTU) last posted its earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.30. Intuit had a net margin of 18.62% and a return on equity of 77.56%. The firm had revenue of $886.00 million during the quarter, compared to analyst estimates of $855.74 million. During the same period last year, the firm posted $0.06 earnings per share. Intuit’s revenue for the quarter was up 13.9% compared to the same quarter last year. research analysts predict that Intuit will post 3.95 EPS for the current year.

INTU has been the subject of a number of recent research reports. Wells Fargo & Co raised shares of Intuit from a “market perform” rating to an “outperform” rating and set a $163.00 target price for the company in a report on Thursday, September 21st. Raymond James Financial lowered shares of Intuit from a “market perform” rating to an “underperform” rating in a report on Wednesday, September 27th. Zacks Investment Research lowered shares of Intuit from a “hold” rating to a “sell” rating in a report on Monday, November 27th. William Blair initiated coverage on shares of Intuit in a report on Tuesday, September 19th. They issued an “outperform” rating for the company. Finally, UBS Group lowered shares of Intuit to an “underperform” rating in a report on Wednesday, September 27th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $154.37.

In other news, VP Mark J. Flournoy sold 13,424 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $155.56, for a total transaction of $2,088,237.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Henry Tayloe Stansbury sold 2,158 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $151.35, for a total transaction of $326,613.30. Following the sale, the executive vice president now directly owns 3,050 shares of the company’s stock, valued at $461,617.50. The disclosure for this sale can be found here. Insiders have sold 965,938 shares of company stock valued at $149,469,127 over the last ninety days. 5.59% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: This piece was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://www.com-unik.info/2018/01/08/intuit-inc-intu-to-issue-0-39-quarterly-dividend.html.

About Intuit

Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.

Dividend History for Intuit (NASDAQ:INTU)

What are top analysts saying about Intuit? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Intuit and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit