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Mark R. Hake, CFA

Intuit Looks Like a Bargain After Hiking Its Dividend By 16%

INTU Intuit NTM Yahoo Finance

Intuit Inc (INTU) reported strong fiscal full-year results (ending July 31) on Aug. 22 and hiked its dividend by 16%. It can afford this raise given its huge free cash flow. As a result, INTU stock still looks undervalued here, even though INTU stock tanked after the results.

INTU stock is trading at $624.44 on Tuesday, Aug. 27. That is down 6.90% from $670.49 on Aug. 21 before the earnings release.

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