Pultegroup, Inc. - PHM STOCK NEWS

PulteGroup, Inc. (NYSE: PHM) will present at the Raymond James & Associates’ 43rd Annual Institutional Investors Conference on March 7, 2022, at 7:30 a.m. ET. Investors can access the presentation via the Company’s website. PulteGroup, based in Atlanta, is one of America's largest homebuilders, operating in over 40 markets and offering various brands, including Centex and Pulte Homes. The company aims to build exceptional living spaces that fulfill customer dreams.

Billionaire homebuilder Bill Pulte's multimillion-dollar inheritance has funded The Bill Pulte Foundation and a $200,000 scholarship for PulteGroup Inc employees. The Foundation aims to innovate charitable giving, focusing on urban communities and access to capital markets. Bill Pulte highlights the necessity of patience as they develop programs, including partnerships to combat urban decay. Since 2019, he has donated over $1 million via social media, inspiring broader philanthropic engagement. The Foundation operates independently of other Pulte organizations and is not seeking external funding.

PulteGroup, Inc. (NYSE: PHM) has declared a quarterly dividend of $0.15 per common share, payable on April 5, 2022, to shareholders on record by March 15, 2022. The company, based in Atlanta, operates in over 40 markets and houses brands like Pulte Homes and Centex, making it one of America's largest homebuilders. This dividend announcement reflects PulteGroup's commitment to returning value to its shareholders while engaging in diversified homebuilding to meet consumer needs.

PulteGroup, Inc. (NYSE: PHM) has approved a $1.0 billion increase to its share repurchase program, expanding the total authorization to $1.458 billion. This decision aligns with the company's capital allocation priorities, which include investments, dividends, and share buybacks. In 2021, PulteGroup invested $4.0 billion in land acquisition and development, returned over $1.0 billion to shareholders, and reduced its debt-to-capital ratio to 21.3%. The company maintains a target debt-to-capital ratio of 20% to 30%.

PulteGroup (NYSE: PHM) reported a 61% increase in net income for Q4 2021, reaching $2.61 per share, while adjusted net income rose 64% to $2.51 per share. Home sale revenues surged 38% to $4.2 billion, driven by a 26% increase in closings to 8,611 homes. The company’s backlog grew 19% to 18,003 homes valued at $9.9 billion. A share repurchase of 5.6 million shares for $283 million reflects strong cash flow, supported by an increase in the repurchase authorization by $1 billion. Despite a 4% drop in new orders, the overall outlook remains optimistic.

The Pulte Family has published a book titled "The Home That Bill Pulte Built," offering insights into the life and teachings of William J. "Bill" Pulte, founder of PulteGroup (PHM:NYSE). Written by his grandson, the e-book is available for free for 30 days and aims to share life lessons with a focus on prioritizing God, family, and business. Bill Pulte's legacy continues through his family and the Pulte Family Charitable Foundation, which supports marginalized communities. The book can be accessed at pulte.org/ebook.