Pultegroup, Inc. - PHM STOCK NEWS

PulteGroup, Inc. (NYSE: PHM) has declared a quarterly dividend of $0.15 per common share. This dividend is payable on October 4, 2022, to shareholders of record by the close of business on September 22, 2022. As one of America’s largest homebuilders, operating in over 40 markets, PulteGroup aims to meet diverse buyer needs through its various brands, including Pulte Homes and Del Webb. This dividend declaration reflects the company’s commitment to returning value to its shareholders.

PulteGroup (NYSE: PHM) has been recognized as one of the 2022 PEOPLE Companies that Care, ranking third for the second consecutive year. This accolade, awarded by Great Place to Work and PEOPLE magazine, highlights the company's commitment to employee welfare and community service, exemplified by initiatives like the Built to Honor program, which provides mortgage-free homes to veterans. Additionally, PulteGroup received accolades in various workplace rankings, including #43 on Fortune's 100 Best Companies to Work For.

Del Webb, a leading builder of active adult communities, announced the grand opening of The Carriage House clubhouse at Kimblewick in Westfield, Indiana, slated for Summer 2023. The 13,000 sq. ft. facility will feature extensive amenities, including a fitness center, indoor spa, and various social spaces. Residents will also benefit from an expansive outdoor area with walking trails, dog parks, and recreational facilities. Homes in the community start at $337,990, offering buyers customizable options through the GenYou™ collection.

PulteGroup (NYSE: PHM) reported strong Q2 2022 earnings, with net income of $652 million, or $2.73 per share, a 59% increase from the previous year. Adjusted net income was $456 million, or $1.72 per share. Home sale revenues rose 18% to $3.8 billion, while average sales price climbed 19% to $531,000. However, net new orders fell 23% year-over-year to 6,418 homes, affected by rising mortgage rates and lower consumer confidence. The company maintained a backlog of 19,176 homes valued at $11.6 billion, and repurchased $294 million in stock during the quarter.

PulteGroup's Built to Honor® program recently dedicated a mortgage-free Centex home for Specialist Christopher Lewis and his family in Murfreesboro, Tennessee. The event included a procession with local veterans and first responders, culminating in a heartfelt ceremony where the keys were handed over. The 2,700 square-foot home features five bedrooms and three bathrooms, fully furnished by Pulte’s design team. This marks the second home dedicated in Tennessee, with the program aiming to reach its 75th home later this year in Dallas, Texas.

PulteGroup, Inc. (NYSE: PHM) will release its second quarter 2022 financial results on July 26, 2022, before the market opens. A conference call to discuss the results will occur at 8:30 a.m. (ET) on the same day. Investors can access a live audio webcast on the company's website. The dial-in number for the call is (888) 440-6928 with conference ID 6106699. A recording will be available within 24 hours. PulteGroup operates across more than 40 markets in the U.S., serving diverse buyer groups through its multiple brands.