Intuit (INTU) DIvidends Date & History

Key Takeaways

• Intuit (INTU) pays a quarterly dividend currently set at $1.20 per share, with a recently announced increase to $1.38 per share effective October 2026.
• The dividend yield is relatively low at roughly 1.3%, reflecting the company's growth-oriented, premium-valued profile rather than an income-focused model.
• Intuit has raised its dividend for 15 consecutive years, with recent annual increases of around 15%.
• The payout ratio is modest at roughly 20% to 30% of earnings, leaving ample room for future dividend growth.
• Intuit is best viewed as a dividend growth stock rather than a high-yield income investment.

Dividend Overview

INTU, the parent company of TurboTax, QuickBooks, Credit Karma, and Mailchimp, maintains a modest but steadily growing dividend. The company pays shareholders on a quarterly schedule, with a current quarterly distribution of $1.20 per share that will rise to $1.38 per share for the payment following the October 8, 2026, ex-dividend date. On an annualized basis, this translates to roughly $4.80 per share today, climbing to about $5.52 per share once the increase takes full effect.

At recent prices, the dividend yield sits near 1.3%, which is relatively low compared to traditional income investments. For this reason, Intuit is not classified as a high-yield stock. Instead, it fits the profile of a dividend growth stock: a financially strong, cash-generative software leader that prioritizes reinvestment in its business while returning a growing portion of profits to shareholders.

Dividend History and Growth

Intuit has built an impressive record of consistency and growth since initiating its dividend. The company has increased its payout for 15 consecutive years, establishing itself as a reliable dividend grower within the software industry. The pace of growth has been notably strong, with the five-year compound annual growth rate (CAGR) of the dividend estimated at roughly 15%.

The recent trajectory illustrates this trend clearly. The quarterly payout moved from $0.90 per share in 2024 to $1.04 per share in 2025, a jump of about 15.6%. It then advanced to $1.20 per share in late 2025 and early 2026, and the most recently announced increase to $1.38 per share continues the pattern of mid-teens percentage raises. These double-digit increases, combined with the company's steady earnings expansion, reflect management's confidence in its long-term cash generation and a deliberate strategy of sharing that growth with investors.

Dividend Sustainability and Payout Ratio

Intuit's dividend appears highly sustainable. The company's payout ratio — the share of earnings distributed as dividends — generally ranges between roughly 20% and 30%, which is conservative by most standards and leaves a wide cushion for continued increases even if earnings growth moderates. Intuit's strong free cash flow, driven by its recurring subscription-based software model, comfortably covers the dividend, meaning the payout is funded by actual cash generation rather than debt.

The company also carries a solid balance sheet, with manageable leverage relative to its cash flow, further supporting the reliability of the payout. Intuit's recurring revenue streams from tax preparation and accounting software provide relatively predictable cash flows across economic cycles, which historically has helped companies sustain and grow dividends even during periods of market volatility. Overall, the combination of a low payout ratio, robust free cash flow, and disciplined financial management points to a dividend with substantial room to grow.

Dividend Compared to Industry Peers

Within the software and technology sector, Intuit's dividend profile is representative of high-quality, growth-oriented names rather than income-heavy payers. Its yield of approximately 1.3% is comparable to, or slightly higher than, several large software peers. MSFT (Microsoft) offers a yield generally below 1%, while ORCL (Oracle) pays around 1% or slightly higher. Meanwhile, several major software companies, such as ADBE (Adobe) and CRM (Salesforce), pay no regular dividend at all, instead choosing to reinvest entirely in growth or return capital through share buybacks.

By this measure, Intuit's dividend is neither high nor unusually low — it sits firmly in the middle of its peer group. What distinguishes Intuit is the combination of a dependable payout with a notably fast growth rate, a characteristic that may appeal to investors seeking both modest income today and meaningful income growth over time.

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Is This Stock Attractive for Dividend Investors?

Intuit is best suited to dividend growth investors and long-term investors who prioritize steady payout increases over immediate income. Its yield of around 1.3% is unlikely to satisfy investors who depend on current cash distributions for living expenses, so pure income investors may find more attractive alternatives elsewhere. Similarly, conservative investors seeking maximum current yield will likely view Intuit's payout as too modest.

However, for investors with a longer time horizon, the appeal is clear. A 15-year streak of consecutive increases, mid-teens annual dividend growth, a low payout ratio, and strong recurring cash flows all point to a company that can meaningfully grow its dividend over time. Investors who reinvest dividends and hold for many years may find that the income generated on their original cost basis grows considerably, even if the starting yield appears small. As with any equity investment, the stock carries market risk, and past dividend growth does not guarantee future increases.

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