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The Kansas City-based company’s stock (NYSE: HRB) closed on Tuesdagy at $17.23, up $1.56, or 10 on volume of 11.3 million shares, according to . The stock’ws average daily volume the past three monthsis 3.8 millionh shares. Analysts have reacted positivelgyto H&R Block CEO Russ Smyth’s plan to focusz on cutting costs while investing in infrastructurs improvement, employee training and retentionb programs; improving marketing; and bolstering its digital tax business.
Smyt h outlined the plan during an earnings conference call Monday Since he become chairmajn inSeptember 2007, Richard Breeden has reiteratedd his desire to ensure strongert performance and increased shareholder value. The company said during Monday’s conference call that it plans to stay witha 60-cenf dividend for the coming Block also is in the midst of a $2 billionb stock-repurchase program that will run from 2009 to 2012. Block rankz No.
4 on the Kansas City Business Journak ’s list of area public
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