Shares of H&R Block Inc. HRB, -0.99% surged 5.1% toward a 6-month high in premarket trade Tuesday, after the tax preparation services company reported fiscal fourth-quarter profit and revenue that beat expectations, boosted its dividend and announced the acquisition of Wave Financial Inc., a small-business financial solutions platform. Net income for the quarter to April 30 fell to $877.9 million, or $4.29 a share, from $1.1 billion, or $5.42 a share, in the year-ago period. The FactSet earnings-per-share consensus was $4.13. Revenue slipped to $2.33 billion from $2.39 billion, just above the FactSet consensus of $2.32 billion. For fiscal 2019, tax returns prepared by or through the company rose 1.5% to 20.3 million. The company raised its quarterly dividend by 4% to 26 cents a share, with the new dividend payable July 1 to shareholders of record on June 21. Based on Monday’s stock closing price of $26.94, the new annual dividend rate implies a dividend yield of 3.86%, compared with the implied yield for the S&P 500 SPX, +0.47% of 2.00%, according to FactSet. Separately, H&R Block said it extended its current stock repurchase program, which has $ billion remaining, by three years to June 2022. And the company said it was paying $405 million in cash for Wave Financial, to expand its product and client portfolio and enhance its position in the small-business market.