11:03 AM EDT, 08/16/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and the first paragraph.)

H&R Block ( HRB ) shares rose 18.1% in recent Friday trading, a day after the company reported a higher fiscal Q4 revenue from a year earlier and raised its quarterly dividend by 17%.

The company reported late Thursday fiscal Q4 adjusted net income of $1.89 per diluted share, compared with $2.05 a year earlier.

Analysts polled by Capital IQ expected $1.74.

Revenue for the quarter ended June 30 was $1.06 billion, compared with $1.03 billion a year earlier.

Analysts expected $1.03 billion.

For its fiscal 2025, the tax preparation company is projecting adjusted EPS of $5.15 to $5.35 on revenue of $3.69 billion to $3.75 billion.

Analysts polled by Capital IQ are looking for $4.68 and $3.67 billion, respectively.

H&R Block ( HRB ) also declared a 17% increase in its quarterly dividend to $0.375 per share, payable Oct. 3 to shareholders of record on Sept. 5. The company also authorized a new $1.5 billion stock buyback program to replace its existing share repurchase plan.

Price: 67.33, Change: +9.84, Percent Change: +17.12