H and R Block (NYSE: HRB) NewsBite - H&R Block Raises Dividend

Friday, August 29, 2008 3:17 PM EDT

H&R Block (NYSE: HRB) hit a new 52-Week high of $25.80 so far today. Currently the stock is up $0.10 (0.39%) to $25.67 on 955,392 shares traded. Today's high is up $8.78 from a 52-Week Low of $16.89. H&R Block stock has been showing support around $23.61 and resistance in the $26.55 range. Technical indicators for the stock are neutral and S&P gives HRB a neutral 3 STARS (out of 5) hold ranking. H&R Block announced today its board raised its quarterly dividend 5.3 percent to 15 cents If you are looking for a hedged play on HRB the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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