Block (H.&R.), Inc. Stock Price, News & Analysis

H&R Block, Inc. (NYSE: HRB) has declared a quarterly cash dividend of 27 cents per share, payable on October 1, 2021, to shareholders on record as of September 10, 2021. This consistent dividend payment underscores the company's ongoing commitment to returning value to its shareholders, having paid dividends continuously since its public offering in 1962. H&R Block specializes in tax preparation, financial products, and solutions for small businesses, combining digital innovation with human expertise.

KANSAS CITY, Mo., Aug. 26, 2021 – H&R Block (NYSE: HRB) has announced that its management team will conduct virtual investor meetings at Barrington Research’s 14th Annual Virtual Fall Investment Conference on September 9, 2021. Interested parties can request a meeting through their Barrington Research salesperson.

H&R Block offers tax preparation and financial services, blending digital innovation with human expertise. Their platforms, including Block Advisors and Wave, assist small business owners with effective financial solutions.

On August 6, 2021, H&R Block appointed Carmichael Lynch as its strategy and creative lead. This partnership aims to enhance the brand's transformation journey under the Block Horizons 2025 strategy, focusing on small businesses, financial products, and consumer taxes. Julius Lai, H&R Block's CMO, emphasized the agency's strategic vision as crucial for their growth. Carmichael Lynch will also collaborate with Gale for media planning, analytics, and CRM efforts. This initiative has garnered attention from both Wall Street and media due to its focus on equitable financial products.

H&R Block (NYSE: HRB) will hold virtual investor meetings at the Northcoast Research 2021 Industrial & Business Services Conference on August 9, 2021. Interested participants can contact their Northcoast Research salesperson to request a meeting.

This event highlights H&R Block's commitment to engaging with investors and providing updates on their tax preparation and financial services. The company combines digital innovation with human expertise to offer effective solutions for tax management and small business needs.

H&R Block announced a new online calculator to assist families in estimating their child tax credit payments under the March 2021 American Rescue Plan. This tool allows users to input their filing status, 2020 income, and children's ages to determine expected monthly payments from July to December, along with potential tax credits for the following year. The company also offers free online filing for eligible families without recent tax returns, ensuring accurate IRS information. An online resource page addresses common questions and provides updates on the child tax credit.

H&R Block achieved robust growth for fiscal 2021, reporting a 29.3% increase in revenue to $3.4 billion and net income of $590 million. Assisted filings contributed significantly, along with strong performance from DIY revenues and Emerald Card. The company declared a 4% dividend hike to $0.27 per share, marking a 35% increase over six years. Share repurchases totaled 11.6 million shares for $188 million. The fiscal year-end will shift from April 30 to June 30, enhancing alignment with tax season performance.

H&R Block (NYSE: HRB) has announced significant changes in its Global Consumer Tax leadership team to enhance tax services and expand client options. Karen Orosco has been appointed as President, Global Consumer Tax and Service Delivery, succeeding in driving growth through innovative solutions and a robust retail network of over 12,000 offices. Bob Moretti and Roxane Harris are promoted to Senior Vice President and Vice President roles, respectively, bolstering retail operations and franchise support. These leadership adjustments aim to implement H&R Block's five-year strategy, Block Horizons, and improve client service.

H&R Block announced organizational changes to enhance its transformation strategy, Block Horizons 2025, following strong performance in the 2021 tax season, achieving significant market share gains. The five-year strategy focuses on three imperatives: small business, financial products, and Global Consumer Tax. The restructuring includes nearly 90 promotions and the introduction of a mobile-first financial solution. These initiatives aim to improve client experiences and maximize shareholder value.

H&R Block (NYSE: HRB) and Nextdoor are expanding their partnership with 10 new community-led projects aimed at enhancing social cohesion across the U.S. More than 1,500 project submissions from residents were reviewed, leading to initiatives in 20 states that will impact 2.3 million residents.

These projects, including community gardens and playground upgrades, are designed to combat social isolation and foster neighborhood connections. H&R Block aims to improve 500 communities nationwide by 2025 through such initiatives.