PulteGroup Increases Quarterly Cash Dividend by 25% to $0.20 Per Share

Rhea-AI Summary

PulteGroup, Inc. (PHM) Announces 25% Increase in Quarterly Dividend to $0.20 Per Share

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• PulteGroup, Inc. has demonstrated strong cash flow from operations, totaling $6.9 billion over the past five years.
• The company's commitment to returning capital to shareholders is reflected in the 25% increase in the quarterly dividend.

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• None.

ATLANTA--(BUSINESS WIRE)-- PulteGroup, Inc. (NYSE: PHM) announced today that its Board of Directors has voted to increase the Company’s quarterly dividend by 25% to $0.20 per common share. The increase will be effective with the Company’s next scheduled dividend, which is payable January 3, 2024, to shareholders of record at the close of business on December 19, 2023.

“Over the past five years, PulteGroup has generated $6.9 billion of cash flow from operations which have been used to fund our growth, while returning almost $4.0 billion to shareholders through dividends and share repurchases,” said PulteGroup President and CEO, Ryan Marshall. “The Board’s decision to increase our dividend by 25% reflects our commitment to returning capital to our shareholders.”

About PulteGroup

PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America’s largest homebuilding companies with operations in more than 40 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 Twitter: @PulteGroupNews

View source version on businesswire.com: https://www.businesswire.com/news/home/20231116932511/en/

Investors:

Jim Zeumer

(404) 978-6434

jim.zeumer@pultegroup.com

Source: PulteGroup, Inc.

FAQ

What is PulteGroup, Inc.'s ticker symbol?

PulteGroup, Inc.'s ticker symbol is PHM.

When will the increased dividend be effective?

The increased dividend will be effective with the Company’s next scheduled dividend, payable on January 3, 2024.

How much cash flow has PulteGroup, Inc. generated from operations in the past five years?

PulteGroup, Inc. has generated $6.9 billion of cash flow from operations over the past five years.

What is the rationale behind the 25% increase in the quarterly dividend?

The increase in the quarterly dividend reflects PulteGroup, Inc.'s commitment to returning capital to its shareholders.