Intuit Soars Most in a Year After Announcing First Dividend
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Intuit Inc. rose the most in a year after the software maker announced its first cash dividend ever as fiscal fourth-quarter revenue increased 10 percent.
The board approved a quarterly payout of 15 cents a share for Oct. 18 to shareholders of record as of Oct. 10, the Mountain View, California-based company said in a statement yesterday. Revenue rose to $593 million in the period ended July 31.