Pultegroup, Inc. - PHM STOCK NEWS

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.

PulteGroup's Built to Honor program has gifted a mortgage-free home to the family of fallen Green Beret Chief Warrant Officer 2 Michael Duskin in Fuquay-Varina, NC. Gold Star spouse Maggie Duskin received the home during a recent event, marking it as the first home dedicated to a Gold Star family in the Raleigh area. This event was celebrated with a fully furnished 2,800+ sq. ft. home, complete with holiday decorations. In 2021, the Built to Honor program delivered seven homes to veterans across multiple states, showcasing PulteGroup’s commitment to supporting military families.

PulteGroup recently celebrated the home dedication for U.S. Army Sergeant First Class Carl Roush, who received a mortgage-free home in Stallings, North Carolina, as part of the Built to Honor® program. This initiative, aimed at supporting wounded veterans, has now provided over 60 homes across the U.S. The Roush family toured their fully furnished, 2,500+ sq. ft. home, marking a significant milestone in their journey to homeownership. Steve Francis, president of PulteGroup’s Charlotte Division, expressed pride in welcoming the Roush family to their new home.

PulteGroup, Inc. (NYSE: PHM) will announce its fourth quarter 2021 financial results on February 1, 2022, before market opens. A conference call to discuss the results will take place at 8:30 a.m. ET the same day. Investors can access the call via a live audio webcast on the company's website, with a recording available within 24 hours.

PulteGroup, based in Atlanta, Georgia, is one of the largest homebuilders in the U.S., operating in over 40 markets and catering to diverse buyer groups.