Today, October 17, 2023, Intuit INTU will distribute a dividend payout of $0.90 per share, highlighting an annualized dividend yield of 0.72%. Shareholders who owned the stock before the ex-dividend date on October 05, 2023 will be eligible for this payout.
Intuit Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-05 | 4 | $0.9 | 0.72% | 2023-08-24 | 2023-10-09 | 2023-10-17 |
| 2023-07-07 | 4 | $0.78 | 0.69% | 2023-05-23 | 2023-07-10 | 2023-07-18 |
| 2023-04-06 | 4 | $0.78 | 0.77% | 2023-02-23 | 2023-04-10 | 2023-04-18 |
| 2023-01-09 | 4 | $0.78 | 0.81% | 2022-11-29 | 2023-01-10 | 2023-01-18 |
| 2022-10-06 | 4 | $0.78 | 0.7% | 2022-08-23 | 2022-10-10 | 2022-10-18 |
| 2022-07-08 | 4 | $0.68 | 0.73% | 2022-05-24 | 2022-07-11 | 2022-07-18 |
| 2022-04-08 | 4 | $0.68 | 0.57% | 2022-02-22 | 2022-04-11 | 2022-04-18 |
| 2022-01-07 | 4 | $0.68 | 0.43% | 2021-11-18 | 2022-01-10 | 2022-01-18 |
| 2021-10-07 | 4 | $0.68 | 0.49% | 2021-08-24 | 2021-10-11 | 2021-10-18 |
| 2021-07-09 | 4 | $0.59 | 0.54% | 2021-05-25 | 2021-07-12 | 2021-07-19 |
| 2021-04-09 | 4 | $0.59 | 0.59% | 2021-02-23 | 2021-04-12 | 2021-04-19 |
| 2021-01-08 | 4 | $0.59 | 0.67% | 2020-11-19 | 2021-01-11 | 2021-01-19 |
When comparing Intuit's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer SAP SAP having the highest annualized dividend yield at 1.71%.
Analyzing Intuit Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $2.00 in 2019 to $2.92 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Intuit
From 2019 to 2022, Intuit has demonstrated an upward trend in earnings, with earnings per share rising from $6.87 to $11.96. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
This article provides an in-depth analysis of Intuit's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.90 per share, resulting in an annualized dividend yield of 0.72%.
When comparing Intuit's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer SAP having the highest annualized dividend yield at 1.71%.
With an increase in dividend per share and earnings per share from 2019 to 2022, Intuit demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.
[See current stock movements Intuit on Benzinga.](https://www.benzinga.com/quote/Intuit (NASDAQ: INTU))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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