By Kathryn Hardison


Intuit Inc.'s board of directors approved additional share repurchases and an increase to the company's quarterly dividend.

The company said Tuesday that its board authorized $2 billion in share repurchases, giving the company a total authorization of $3.5 billion to repurchase shares.

Intuit has also increased its quarterly dividend to 78 cents per share, reflecting a 15% increase from a year ago. The dividend is payable Oct. 18.


Write to Kathryn Hardison at kathryn.hardison@wsj.com


(END) Dow Jones Newswires

08-23-22 1647ET