H& R Block is a well- known name, especially during income tax time each year. The company
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H& R Block Announces Quarterly Cash Dividend
KANSAS CITY, MO — ( MARKETWIRE) — 03/ 06/ 13 — H& R Block, Inc. ( NYSE: HRB), the world’s largest consumer tax services provider, today announced that its Board of Directors declared a quarterly cash dividend of 20 cents per share, payable April 1, 2013, to shareholders of record as of March 18, 2013.
The following day, March 7, 2013, the Company announced a loss from continuing operations of US$ 17 million for the third fiscal quarter ending on January 31, 2013.
Required:
1. Explain why H& R Block can pay dividends despite the loss that it announced for the previous quarter.
2. What factors did the board of directors consider when it declared the dividends? Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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ISBN: 978-1259103285
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