Intuit Inc. (NASDAQ:INTU) Plans Quarterly Dividend of $1.20

Intuit Inc. (NASDAQ:INTU) announced a quarterly dividend on Thursday, November 20th. Investors of record on Friday, January 9th will be given a dividend of 1.20 per share by the software maker on Friday, January 16th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th.

Intuit has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Intuit has a payout ratio of 20.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Intuit to earn $16.04 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 29.9%.

Intuit Trading Up 6.0%

INTU traded up $38.07 during midday trading on Friday, reaching $675.51. 2,151,205 shares of the company’s stock traded hands, compared to its average volume of 1,815,723. Intuit has a 52 week low of $532.65 and a 52 week high of $813.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a fifty day moving average of $665.95 and a two-hundred day moving average of $706.58. The stock has a market capitalization of $188.34 billion, a price-to-earnings ratio of 49.28, a P/E/G ratio of 2.53 and a beta of 1.25.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, equities analysts anticipate that Intuit will post 14.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

INTU has been the subject of several research reports. Rothschild & Co Redburn upped their price objective on shares of Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a report on Tuesday, September 23rd. BMO Capital Markets decreased their price target on shares of Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research note on Friday. Zacks Research cut Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Morgan Stanley decreased their target price on Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. dropped their price target on Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $795.00.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.