Dividend hike sends H&R Block stock up 12 percent

June 11, 2016 at 5:14PM
In this Tuesday, Dec. 16, 2014, photo, Boeing 737-800 airplanes are on the assembly line at Boeing's 737 assembly facility in Renton, Wash. On Friday, June 3, 2016, the Commerce Department reports on U.S. factory orders for April. (AP Photo/Ted S. Warren)
Boeing’s Renton, Wash., assembly plant. Iranair reportedly is discussing a major plane buy from Boeing. (The Minnesota Star Tribune)

Block bounces upward: Tax preparer H&R Block's shares rose 12 percent to $24.23 Friday after it said it would boost its dividend by 10 percent, a move made possible by the sale of its banking unit.

Hard times for hardware: Home furnishings retailer Restoration Hardware's shares fell 21 percent to $28.46 Thursday after it cut its forecast for the year following weak quarterly results hurt by weaker sales of luxury goods. Its stock closed the week at $26.56.

Pay up: VeriFone Systems, which makes terminals used for electronic payments, slumped 29 percent to $19.98 Wednesday after slashing its annual forecast following disappointing quarterly results. The company said it will eliminate jobs and review some of its struggling businesses. The stock closed Friday at $19.66.

Air lift: Boeing shares rose 3.5 percent to $131.90 Monday after a report that Iranair is discussing purchasing more than 100 jets from the company. The historic deal still faces obstacles, Reuters noted. Boeing shares closed at $131.14 Friday.

Tasty: Organic and specialty foods distributor United Natural Foods' stock jumped 16 percent to $44.90 after the company posted a larger-than-expected profit in its fiscal third quarter, and raised its projections for the year. Its stock closed the week at $42.35.

Zillow settles: Zillow Group shares gained 6 percent to $32.03 Tuesday after it said it agreed to pay $130 million to settle a lawsuit over trade secrets brought by Move. Inc., the National Association of Realtors and others. The stock closed Friday at $32.22.

news services

about the writer

about the writer

More from Business

See More
card image
Fairview Health Services

The school is changing an elective course while still working with the Eden Prairie-based health care giant after students raised concerns.

This transmission electron microscope image shows SARS-CoV-2, the virus that causes COVID-19, isolated from a patient in the U.S., emerging from the surface of cells cultured in the lab. (NIAID/TNS) ORG XMIT: 1659810
card image