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

PulteGroup, Inc. (NYSE:PHM) declared a quarterly dividend on Wednesday, September 2nd. Investors 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) annualized dividend and a 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 payout ratio of 8.6% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

PulteGroup stock opened at $123.72 on Thursday. PulteGroup has a 12-month low of $108.49 and a 12-month high of $144.49. The stock has a market capitalization of $23.19 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.52 and a beta of 1.19. The firm’s 50-day moving average is $129.23 and its two-hundred day moving average is $125.26. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.78 and a quick ratio of 0.78.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Wednesday, July 22nd. The construction company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.36 by $0.12. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.94 billion. PulteGroup had a net margin of 11.62% and a return on equity of 15.21%. PulteGroup’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.03 earnings per share. Equities analysts predict that PulteGroup will post 10.12 earnings per share for the current year.

PulteGroup Company Profile

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.