PulteGroup, Inc. (PHM) To Go Ex-Dividend on September 16th

PulteGroup, Inc. (NYSE:PHM) announced a quarterly dividend on Wednesday, September 3rd, RTT News reports. Stockholders of record on Tuesday, September 16th will be paid a dividend of 0.22 per share by the construction company on Thursday, October 2nd. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 16th.

PulteGroup has a dividend payout ratio of 7.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect PulteGroup to earn $13.53 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 6.5%.

PulteGroup Stock Down 1.1%

Shares of NYSE:PHM opened at $137.15 on Friday. PulteGroup has a one year low of $88.07 and a one year high of $149.47. The company has a 50 day moving average of $123.37 and a 200-day moving average of $109.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market cap of $27.06 billion, a price-to-earnings ratio of 10.25, a P/E/G ratio of 0.41 and a beta of 1.27.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, topping the consensus estimate of $2.92 by $0.11. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the previous year, the company earned $3.83 EPS. PulteGroup’s revenue was down 4.3% on a year-over-year basis. On average, sell-side analysts forecast that PulteGroup will post 12.32 earnings per share for the current year.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.