Intuit (INTU) hikes dividend by 15.4% to $1.04 quarterly

Intuit (INTU) on August 24, 2024 announced that it will raise its quarterly dividend by 15.6% to $1.04 per share. This marks the 13th consecutive year of dividend increases by the US financial software company. The dividend yield is 0.7% at a stock price of $626.

Intuit has announced a 15.6% increase in its dividend for 2024. The new quarterly dividend per share is set at $1.04, resulting in an annual dividend per share of $4.16. The dividend yield, based on the current stock price, is 0.7%. The ex-dividend date for this dividend is October 10, 2024.

Last year Intuit hiked its dividend by 15.4%; actually the company has raised its dividend by double digits every year since a payment was initiated back in 2011.

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.