KB Home Declares First Quarter 2024 Dividend

Rhea-AI Summary

KB Home (NYSE: KBH) has declared a quarterly cash dividend of $.20 per share on the Company’s common stock, payable on February 22, 2024 to stockholders of record on February 8, 2024.

Insights

Financial Analyst

The declaration of a quarterly cash dividend of $0.20 per share by KB Home represents a distribution of profits to shareholders and is a critical component of shareholder returns. Dividends often reflect a company's financial health and stability, as well as its commitment to returning value to shareholders. The consistency and growth of dividends over time can be a signal of a company's confidence in its future earnings and cash flow stability.

From a financial analysis perspective, the dividend yield, calculated as annual dividends per share divided by the stock price, is a key metric for income-focused investors. It is essential to compare this yield to industry benchmarks and historical performance to evaluate attractiveness. Moreover, the payout ratio, which is the proportion of earnings paid out as dividends, should be assessed to ensure the dividend is sustainable and does not compromise the company's growth prospects or ability to invest in its operations.

Market Research Analyst

KB Home's dividend announcement can influence investor sentiment and stock market performance. Dividends are a tangible return on investment and the announcement of a dividend payment can make a stock more attractive to certain investors, potentially leading to an increase in demand for the stock. This is particularly true for value investors and those seeking steady income streams, such as retirees.

However, it is important to analyze the broader housing market trends and economic indicators that could impact KB Home's performance. Factors such as interest rates, housing demand and construction costs can significantly influence the company's profitability and, consequently, its ability to maintain or increase dividend payments in the future.

LOS ANGELES--(BUSINESS WIRE)-- The board of directors of KB Home (NYSE: KBH) has declared a quarterly cash dividend of $.20 per share on the Company’s common stock, payable on February 22, 2024 to stockholders of record on February 8, 2024.

About KB Home

KB Home is one of the largest and most recognized homebuilders in the United States, operating in 47 markets from coast to coast, and building over 680,000 quality homes in our more than 65-year history. What sets KB Home apart is our focus on building strong, personal relationships with every customer — from those buying their first home to experienced buyers — so they have a real partner in the homebuying process. No two KB homes are the same. That’s because every home is uniquely built for each customer, at a price that fits their budget. As the leader in energy-efficient homebuilding, KB Home was the first national builder to make a broad commitment to building ENERGY STAR® certified homes, a standard that fewer than 10% of new homes nationwide meet, and KB Home has built more ENERGY STAR certified homes than any other builder. An energy-efficient KB home helps lower the cost of ownership and is designed to deliver greater comfort and well-being than new homes without certification. Reflecting the company's commitment to creating an exceptional homebuying experience, KB Home is the #1 customer-ranked national homebuilder based on homebuyer satisfaction surveys from a leading third-party review site. Learn more about how we build homes built on relationships by visiting kbhome.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240118539067/en/

Jill Peters, Investor Relations Contact

(310) 893-7456 or investorrelations@kbhome.com

Source: KB Home

FAQ

What is the ticker symbol for KB Home?

The ticker symbol for KB Home is KBH.

When is the quarterly cash dividend payable?

The quarterly cash dividend is payable on February 22, 2024.

How much is the quarterly cash dividend per share?

The quarterly cash dividend is $.20 per share.

When is the record date for stockholders?

The record date for stockholders is February 8, 2024.