Pultegroup, Inc. - PHM STOCK NEWS

PulteGroup (NYSE: PHM) announced a 10% increase in its quarterly cash dividend to $0.22 per common share. The dividend is payable on January 3, 2025, to shareholders of record as of December 17, 2024. This marks the company's sixth dividend increase since 2019, effectively doubling the per share payout during this period. The company highlighted its consistent shareholder returns, noting 2024 will be the fourth consecutive year of returning over $1.0 billion to shareholders through dividends and share repurchases.

PulteGroup announces three home dedication ceremonies through its Built to Honor® program, approaching its milestone of 100 mortgage-free homes for wounded veterans. The ceremonies, scheduled for Nov. 11-14, will honor Army Specialist Christopher Irving, Army veteran Jacob Schanck, and Sergeant Major William Stockard, whose combined service spans over four decades.

The program, launched in 2013, has delivered 92 homes nationwide, valued at over $35 million. Recipients include Purple Heart recipients and decorated veterans with multiple combat deployments. PulteGroup aims to reach its 100th home dedication milestone in 2025.

PulteGroup (NYSE: PHM) has been recognized as #20 on the 2024 Fortune Best Workplaces for Women™ list, marking its fifth consecutive year on this prestigious ranking. Women represent over 40% of PulteGroup's workforce, and the company maintains the Women's Interest Network (WIN) to foster mentorship and professional development.

The selection process involved analyzing survey responses from nearly 600,000 women at Great Place To Work Certified™ companies. Qualifying criteria included employing at least 50 women, having 20% female non-executive managers, and at least one female C-suite executive. PulteGroup has also earned several other workplace recognitions in 2024, including #2 on Fortune Best Workplaces in Construction™ and #43 on Fortune 100 Best Companies to Work For™.

PulteGroup (NYSE: PHM) reported strong third quarter 2024 financial results, with net income rising 16% to $698 million, or $3.35 per share. Home sale revenues increased 12% to $4.3 billion, driven by a 12% increase in closings to 7,924 homes. The average selling price remained stable at $548,000. Home sale gross margin was 28.8%, slightly down from 29.5% last year. Net new orders totaled 7,031 homes with a value of $3.9 billion, while the backlog stood at 12,089 homes valued at $7.7 billion.

The company invested $1.4 billion into its business and returned over $360 million to shareholders, including $320 million in share repurchases. PulteGroup's financial services operations saw a 90% increase in pre-tax income to $55 million. The company ended the quarter with $1.5 billion in cash and a debt-to-capital ratio of 12.3%.

PulteGroup, Inc. (NYSE: PHM) has announced a quarterly cash dividend of $0.20 per common share. The dividend will be payable on October 2, 2024, to shareholders of record at the close of business on September 17, 2024. This announcement demonstrates PulteGroup's commitment to returning value to its shareholders through regular dividend payments. The dividend declaration by the Board of Directors reflects the company's financial stability and confidence in its future performance.

Del Webb, a leading builder of 55+ active adult communities, has broken ground on Heartwood, its newest community near Savannah, Georgia. This 310-acre development will feature approximately 700 homes designed around marshes, greenspace, and nature trails. The community will offer 11 single-family low-maintenance home designs from the GenYou™ collection, with prices expected to start in the $400,000s.

Amenities will include a 9,000 square foot clubhouse with a café, fitness studio, and indoor pool, as well as outdoor recreational facilities like pickleball courts and a boathouse on the Jerico River. A full-time lifestyle director will organize events and activities for residents. The sales center is expected to open in spring 2025, offering homesite selection and model homes to tour.

PulteGroup (NYSE: PHM) has announced the release date for its third quarter 2024 financial results. The company will disclose the results before the market opens on Tuesday, October 22, 2024. Following the release, PulteGroup will host a conference call at 8:30 a.m. (ET) to discuss the quarterly performance.

Investors and analysts can access the call through a live audio webcast available on PulteGroup's website. The dial-in number for call participants is (888) 440-6928 with the conference ID 6106699. For those unable to join live, an audio replay will be made available within 24 hours, and an archive of the call will be accessible on the company's website.

PulteGroup, a leading U.S. homebuilder, has donated two mortgage-free homes to military veterans in Orlando through its Built to Honor® program. The 88th and 89th homes were presented to U.S. Air Force Master Sergeant Kaia Santana and U.S. Army Sergeant James Burse on August 19 in the EverBe community. The custom-built homes feature personalized touches, including surprise backyard pools.

Santana, a 19-year veteran with multiple deployments, and Burse, a nine-year veteran with tours in Iraq and Afghanistan, were deeply moved by the thoughtful details in their new homes. The Built to Honor® program, launched in 2013, supports veterans injured during service and has now gifted 89 homes. These homes were built in partnership with Building Homes for Heroes, a national nonprofit organization.

PulteGroup (NYSE: PHM) has announced the appointment of Mike Guhl as Senior Vice President and Chief Information Officer (CIO), effective August 19, 2024. Guhl, who joins from HD Supply where he served as CIO since 2020, will replace current CIO Joe Drouin, who is retiring on October 1, 2024. With extensive IT leadership experience, including roles at Slalom Consulting and Home Depot, Guhl is also a US Air Force veteran.

In his new role, Guhl will oversee PulteGroup's IT strategy and operations, focusing on supporting business objectives and enhancing customer service. The company's CEO, Ryan Marshall, expressed confidence in Guhl's ability to drive innovation and efficiency across operations.