Intuit hikes dividend by 15.4% to $0.90 quarterly per share

On August 25, 2023, Intuit (INTU) announced a 15.4% dividend hike to $0.90 quarterly per share in 2023. The financial software company that develops and sells accounting, tax preparation, and financial management software for individuals and businesses has now raised its dividend 12 consecutive years.

The increased INTU dividend will payable on October 17, 2023 to shareholders of record on October 9. The next ex-dividend date for Intuit is October 5, 2023. At a stock price of $519 the dividend yield is 0.69% and Intuit now pays an estimated $1.08 billion in dividends annually. Last year the company hiked its dividend by 14.7%.

Intuit Inc. is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. Intuit's reportable segments are: Small Business & Self-Employed, Consumer and Strategic Partner. The company's products and platforms, including QuickBooks, TurboTax, Mint and Turbo, are designed to help customers better manage their money, reduce their debt and file their taxes with ease. Intuit has offices in the United States, Canada, India, the United Kingdom, Israel, Australia, and other locations. Intuit was incorporated in California in March 1984. The company was reincorporated in Delaware and completed our initial public offering in March 1993.