Key Developments: H & R Block Inc (HRB)
29.19USD
22 May 2013
$-0.45 (-1.52%)
$29.64
$29.58
$30.00
$29.05
3,511,907
3,742,142
$30.23
$14.62
Latest Key Developments (Source: Significant Developments)
H & R Block Inc Announces Quarterly Cash Dividend
H & R Block Inc announced that 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. Full Article
H & R Block Inc Announces Quarterly Cash Dividend
H & R Block Inc announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share, payable January 2, 2013, to shareholders of record as of December 10, 2012. Full Article
Levi & Korsinsky, LLP Launches Investigation Into Possible Breaches Of Fiduciary Duty By Board Of Directors Of H & R Block Inc
Levi & Korsinsky, LLP announced that it is investigating H&R Block, Inc. and its Board of Directors in connection with the compensation provided to certain of its executive officers. Full Article
H & R Block Inc Announces Quarterly Dividend
H & R Block Inc announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share, payable October 1, 2012, to shareholders of record as of September 14, 2012. Full Article
H & R Block Inc's Block Financial LLC Announces New Credit Facility
H & R Block Inc announced that its wholly owned subsidiary, Block Financial LLC, entered into a new five year, $1.5 billion Credit and Guarantee Agreement, which will expire on Aug. 17, 2017 unless extended pursuant to the terms of the agreement. Funds available under the new agreement may be used for general corporate purposes or working capital needs. Full Article
H and R Block Inc Names Gregory J. Macfarlane As Chief Financial Officer
H and R Block Inc announced that it named Gregory J. Macfarlane as the Company's Chief Financial Officer. Mr. Macfarlane will lead all aspects of the Company's finance and reporting functions, effective June 4, 2012. As previously announced on April 25, 2012 in connection with Mr. Macfarlane's appointment, Jeff Brown, the Company's current Chief Financial Officer, will transition on June 4, 2012 to the position of Chief Accounting and Risk Officer. Full Article
H and R Block Inc Announces Quarterly Cash Dividend
H and R Block Inc announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share, payable July 2, 2012, to shareholders of record as of June 11, 2012. Full Article
H and R Block Inc Issues FY 2012 Revenue Guidance In Line With Analysts' Estimates
H and R Block Inc announced that for fiscal 2012, it expects revenues of approximately $2.9 billion and GAAP diluted earnings from continuing operations in a range of $1.09-$1.15 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $2.995 billion. Full Article
H and R Block Inc Announces Strategic Realignment Of Organization And Board Change
H and R Block Inc announced a broad strategic realignment to create a more cohesive end-to-end client experience, to drive better efficiency and accountability throughout the organization, and to align its resources to balance long-term client and revenue growth. Overall, the Company expects to realize net annualized savings of $85 to $100 million by the end of fiscal year 2013 as a result of the strategic realignment. As part of the measure, the Company is offering a voluntary separation program to eligible employees throughout the organization. The Company will review each application for voluntary separation on an individual basis. In the event the Company does not achieve the targeted number of separations from the voluntary program, involuntary separations will follow. Overall, the Company plans to eliminate approximately 350 full-time positions throughout its Kansas City headquarters and nationwide field organization. The Company also will streamline its seasonal workforce and close approximately 200 underperforming Company-owned offices. The Company also announced an organizational realignment, including the formation of U.S. Client Services. The four executives leading this unit will all directly report to Cobb. The Company also announced it has retained Crist|Kolder Associates to lead the search for a new Chief Financial Officer (CFO). The Company's current CFO, Jeff Brown, will remain with the Company and continue to serve as CFO during the search for a successor. Full Article
H and R Block Inc Announces Quarterly Cash Dividend
H and R Block Inc announced that it has declared a quarterly cash dividend of $0.20 per share, payable April 2, 2012, to shareholders of record as of March 12, 2012. Full Article
H&R Block loss widens, sees cost cuts boosting 2013 earnings
- H&R Block Inc reported a bigger-than-expected quarterly loss due to a delayed start to the U.S. tax season, but the tax preparer said it expects cost cuts to drive its profit in fiscal 2013.
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