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

PulteGroup, Inc. (NYSE:PHM) announced a quarterly dividend on Wednesday, February 4th. Stockholders of record on Tuesday, March 17th will be given a dividend of 0.26 per share by the construction company on Thursday, April 2nd. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 17th.

PulteGroup has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 7 consecutive years. PulteGroup has a dividend payout ratio of 8.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect PulteGroup to earn $13.53 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 7.7%.

PulteGroup Trading Down 0.8%

Shares of NYSE PHM opened at $133.44 on Thursday. The business’s 50 day moving average price is $125.06 and its 200-day moving average price is $125.21. The company has a market cap of $26.01 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 1.43 and a beta of 1.33. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 1.01. PulteGroup has a fifty-two week low of $88.07 and a fifty-two week high of $142.11.

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.