PulteGroup Increases Quarterly Cash Dividend by 10% to $0.22 Per Share

Rhea-AI Summary

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.

Positive

• 10% increase in quarterly dividend to $0.22 per share
• Consistent dividend growth with six increases since 2019
• Maintained over $1.0 billion annual shareholder returns for four consecutive years
• 100% dividend growth since 2019

Negative

• None.

ATLANTA--(BUSINESS WIRE)-- PulteGroup, Inc. (NYSE: PHM) announced today that its Board of Directors has voted to increase the Company’s quarterly cash dividend by 10% to $0.22 per common share. The increase will be effective with the Company’s next scheduled dividend, which is payable January 3, 2025, to shareholders of record at the close of business on December 17, 2024.

“Today’s action marks the sixth increase in PulteGroup’s dividend since 2019, as we have doubled the per share payout during this period to the $0.22 per share announced today,” said PulteGroup President and CEO, Ryan Marshall. “In combination with our share repurchases, 2024 marks the fourth year in a row that PulteGroup will have returned over $1.0 billion to shareholders through dividends and share repurchases.”

About PulteGroup

PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America’s largest homebuilding companies with operations in more than 45 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods, the company is one of the industry’s most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup’s purpose is building incredible places where people can live their dreams.

For more information about PulteGroup, Inc. and PulteGroup brands, go to pultegroup.com; pulte.com; centex.com; delwebb.com; divosta.com; jwhomes.com; and americanwesthomes.com. Follow PulteGroup, Inc. on X: @PulteGroupNews

View source version on businesswire.com: https://www.businesswire.com/news/home/20241113775254/en/

Investors: Jim Zeumer

(404) 978-6434

jim.zeumer@pultegroup.com

Source: PulteGroup, Inc.

FAQ

What is PulteGroup's new quarterly dividend amount for 2025?

PulteGroup (PHM) increased its quarterly dividend by 10% to $0.22 per common share.

When will PulteGroup (PHM) pay its next dividend?

PulteGroup will pay its next dividend on January 3, 2025, to shareholders of record as of December 17, 2024.

How many times has PulteGroup (PHM) increased its dividend since 2019?

PulteGroup has increased its dividend six times since 2019, doubling the per share payout during this period.

How much has PulteGroup (PHM) returned to shareholders annually?

PulteGroup has returned over $1.0 billion annually to shareholders through dividends and share repurchases for four consecutive years.