Toll Brothers, Inc. - TOL STOCK NEWS

Toll Brothers, Inc. (NYSE:TOL) has declared a 5% increase in its quarterly cash dividend, raising it to $0.21 per share. This dividend will be distributed on April 21, 2023, to shareholders recorded by the close of business on April 6, 2023. This marks the third consecutive year of dividend increases, reflecting confidence in the company’s financial performance. Toll Brothers is recognized as the leading builder of luxury homes in the U.S. and has been named #1 Home Builder in Fortune magazine's 2023 survey of the World’s Most Admired Companies.

Toll Brothers (NYSE: TOL) announced the launch of its fifth community in The Pinehills, Plymouth, Massachusetts. Named Toll Brothers at The Pinehills – Owls Nest, this new single-family luxury home neighborhood will feature 98 homes, with sizes ranging from 1,880 to 2,804 square feet. Construction of the sales center and model homes is expected to start in spring 2023, with sales commencing in summer 2023. Homebuyers will enjoy exclusive amenities including a clubhouse, fitness center, and outdoor pool, alongside access to The Pinehills Golf Club and nearby shopping and dining options.

Toll Brothers (NYSE:TOL) announces the grand opening of its Fairbanks Modern model home at Toll Brothers at Lakeview Estates in Lehi, Utah. This luxury community consists of just 52 homes and features stunning architectural design and interior merchandising. The new model home showcases modern luxury, attracting buyers seeking a unique living experience. Home prices start in the low $900,000s, with move-in ready options available. A second model, the Ashton Farmhouse, is under construction, expected to open later this summer. The community offers a range of amenities, including a clubhouse, pool, and hiking trails.

Toll Brothers (NYSE:TOL) announces final availability of move-in ready homes in the Wren Bay and Clear Pond luxury communities in Myrtle Beach, SC. These homes showcase designer features and are available for immediate occupancy, with the Clear Pond homes starting in the low $300,000s and Wren Bay homes from the upper $300,000s. The Madison South Transitional and Austin South Classic homes are among the options, featuring 3 bedrooms and 2 baths. The company highlighted this opportunity as a last chance for buyers, emphasizing its reputation for quality and luxury in the region.

Toll Brothers (NYSE:TOL) has announced the upcoming launch of two new luxury home collections in the Harvest community, Argyle, Texas. The Select Collection and Estate Collection will join the existing Elite Collection, with sales starting in summer 2023. Homebuyers can choose from modern one- and two-story designs, with sizes ranging from 2,500 to 5,300+ square feet, boasting up to 5 bedrooms and 4.5 baths. Homes are priced from the mid-$400,000s. Harvest is awarded as 'Master-Planned Community of the Year' and offers extensive amenities, including trails, pools, and community events, enhancing the living experience for residents.

Toll Brothers (NYSE:TOL) announces the upcoming launch of Monterey at Lakewood Ranch, set to open for sales in summer 2023. Located in the desirable Lakewood Ranch community, the development will feature 113 home sites with 12 distinct designs ranging from 2,493 to over 4,985 square feet. The community will boast luxurious amenities such as a clubhouse, swimming pool, fitness center, and more, catering to a lifestyle of comfort and elegance. With proximity to shopping, dining, and top-rated schools, this venture aims to attract a diverse clientele looking for high-quality living in Florida.