Pultegroup, Inc. - PHM STOCK NEWS

PulteGroup (NYSE: PHM) has declared a quarterly cash dividend of $0.14 per common share, payable on July 2, 2021, to shareholders of record on June 11, 2021. This reflects the company's commitment to returning income to shareholders.

PulteGroup operates in over 40 markets across the U.S., offering a range of brands such as Centex and Pulte Homes, positioning itself as a versatile player in the homebuilding industry.

PulteGroup (NYSE: PHM) will present virtually at the J.P. Morgan Homebuilding & Building Products Conference on May 19, 2021, at 9:00 a.m. EDT. Interested investors can access the presentation via the company's website. PulteGroup, based in Atlanta, Georgia, operates in over 40 markets and is one of America's largest homebuilding companies. They offer a diverse brand portfolio, including Centex, Pulte Homes, and Del Webb, catering to various buyer groups and adapting to consumer demand.

PulteGroup (NYSE: PHM) reported robust first-quarter results for 2021, with net income of $304 million ($1.13 per share), up from $204 million ($0.74 per share) in the same period last year. Adjusted net income rose to $343 million ($1.28 per share). Home sale revenues reached $2.6 billion, a 17% increase, driven by a 12% rise in homes closed and a $17,000 increase in average sales price to $430,000. The company’s backlog totaled 18,966 homes valued at $8.8 billion. PulteGroup also announced a $1 billion increase in its share repurchase authorization and received an investment-grade rating from S&P.

PulteGroup (NYSE: PHM) has authorized a $1.0 billion increase to its share repurchase program, bringing the total to $1.2 billion. The company aims to enhance shareholder value, supported by robust operational performance. CEO Ryan Marshall emphasized the commitment to return capital to shareholders while investing in future growth. Since 2016, PulteGroup has returned over $3.0 billion through dividends and share buybacks. This strategic move reflects confidence in their business outlook and reinforces their capital allocation priorities.

Centex Homes is launching its first affordable housing community, Gateway at Gladden Farms, in Marana, Arizona, aimed at meeting the rising demand for affordable homes. This community features energy-efficient single- and two-story designs equipped with smart technology. With floor plans ranging from 1,808 to 2,389 square feet, homes will come with various standard features, including stainless-steel appliances and granite countertops. The community will have 96 homesites and is located near employment and recreational amenities, set to open in September 2021.

PulteGroup, Inc. (NYSE: PHM) is set to release its Q1 2021 financial results on April 27, 2021, before market opening. A conference call will follow at 8:30 a.m. ET to discuss the results. Interested parties can access a live audio webcast on the company's website. PulteGroup operates in over 40 markets across the U.S., known for its versatile homebuilding brands including Centex, Pulte Homes, and Del Webb, catering to diverse buyer needs.

PulteGroup's Built to Honor program surprises U.S. Army Sergeant Bryan Edwards with a mortgage-free home in Laurel, Maryland. The new three-level townhome, over 1,500 square feet, features 3 bedrooms and 3.5 bathrooms and is expected to be completed this fall. The land was generously donated by Elm Street Communities. This initiative honors veterans who have been injured in service, reflecting PulteGroup's commitment to supporting military families. Edwards, a Purple Heart recipient, aims to establish roots with his wife, Annabel, in their new home.