D.R. Horton, Inc. (DHI) To Go Ex-Dividend on November 12th

D.R. Horton, Inc. (NYSE:DHI) declared a quarterly dividend on Thursday, October 29th. Investors of record on Thursday, November 12th will be paid a dividend of $0.50 per share by the construction company on Thursday, November 19th. This represents a $2.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, November 12th. This is a 11.1% increase from D.R. Horton’s previous quarterly dividend of $0.45.

D.R. Horton has raised its dividend by an average of 0.2% per year over the last three years and has raised its dividend every year for the last 10 years. D.R. Horton has a payout ratio of 16.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect D.R. Horton to earn $12.16 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 16.4%.

D.R. Horton Trading Up 2.1%

Shares of NYSE DHI opened at $155.52 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 6.01 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $141.35 and a two-hundred day simple moving average of $147.55. The firm has a market cap of $43.50 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 1.81 and a beta of 1.35. D.R. Horton has a twelve month low of $130.40 and a twelve month high of $170.79.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, October 29th. The construction company reported $2.67 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.34). The firm had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.07 billion. D.R. Horton had a return on equity of 11.93% and a net margin of 8.74%. D.R. Horton’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.04 earnings per share. Analysts expect that D.R. Horton will post 10.62 earnings per share for the current fiscal year.

About D.R. Horton

D.R. Horton, Inc is a U.S. homebuilder founded in 1978 by Donald R. Horton. Headquartered in Arlington, Texas, the company builds and sells homes in markets across the United States.

Its homebuilding business offers single-family homes and townhomes for buyers with a range of needs and budgets. D.R. Horton markets homes under brands including D.R. Horton, Express, Emerald and Freedom, which serves active-adult buyers.

The company also provides mortgage financing and title services to homebuyers through its financial-services operations, and has a home-rental business.