PulteGroup, Inc. (NYSE:PHM) Announces $0.26 Quarterly Dividend

PulteGroup, Inc. (NYSE:PHM) announced a quarterly dividend on Wednesday, September 2nd. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.26 per share by the construction company on Friday, October 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 15th.

PulteGroup has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 7 consecutive years. PulteGroup has a dividend payout ratio of 8.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect PulteGroup to earn $11.11 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 9.4%.

PulteGroup Stock Up 0.5%

Shares of NYSE PHM opened at $123.72 on Thursday. PulteGroup has a 12 month low of $108.49 and a 12 month high of $144.49. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $23.19 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 1.52 and a beta of 1.19. The business has a 50-day moving average of $129.23 and a 200-day moving average of $125.26.

PulteGroup (NYSE:PHM) last announced its earnings results on Wednesday, July 22nd. The construction company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.94 billion. PulteGroup had a net margin of 11.62% and a return on equity of 15.21%. PulteGroup’s quarterly revenue was down 9.6% on a year-over-year basis. During the same period last year, the firm posted $3.03 earnings per share. Sell-side analysts expect that PulteGroup will post 10.12 earnings per share for the current fiscal year.

About PulteGroup

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.