PulteGroup Increases Quarterly Cash Dividend by 7% to $0.15 Per Share

Rhea-AI Summary

PulteGroup (NYSE: PHM) has announced a 7% increase in its quarterly cash dividend, raising it to $0.15 per share. This dividend will be payable on January 4, 2022, to shareholders of record by December 15, 2021. This marks the fourth consecutive year of dividend increases, totaling a 67% rise since 2018. The company credits its strong cash flows for this decision, which also supports ongoing land investment and share repurchase initiatives.

Positive

• 7% increase in quarterly cash dividend to $0.15 per share.
• Fourth consecutive annual dividend increase, totaling 67% over four years.
• Strong cash flows enabling land investment and share repurchase.

Negative

• None.

ATLANTA--(BUSINESS WIRE)-- PulteGroup, Inc. (NYSE: PHM) announced today that its Board of Directors voted to approve a 7% increase in the Company’s quarterly cash dividend to $0.15 per common share. The increase will be effective with the Company’s next scheduled dividend, which is payable January 4, 2022, to shareholders of record at the close of business on December 15, 2021.

“This is the fourth consecutive year in which PulteGroup has raised its dividend and brings the total per-share increase during this period to 67%,” said PulteGroup President and CEO, Ryan Marshall. “The strong cash flows of the business have not only allowed us to again raise our dividend, but also fund year-over-year increases in both land investment and share repurchase activities in 2021.”

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’s brands, go to pultegroup.com; www.pulte.com; www.centex.com; www.delwebb.com; www.divosta.com; www.jwhomes.com; and www.americanwesthomes.com. Follow PulteGroup, Inc. on Twitter: @PulteGroupNews

View source version on businesswire.com: https://www.businesswire.com/news/home/20211201006207/en/

Investors: Jim Zeumer

(404) 978-6434

jim.zeumer@pultegroup.com

Source: PulteGroup, Inc.

FAQ

What is the new dividend amount for PulteGroup (PHM)?

PulteGroup has increased its quarterly cash dividend to $0.15 per share.

When will the new dividend for PulteGroup be paid?

The new dividend will be payable on January 4, 2022.

What date is the record date for PulteGroup's dividend?

The record date for the dividend is December 15, 2021.

How much has PulteGroup raised its dividend in the last four years?

PulteGroup has raised its dividend by a total of 67% over the last four years.