Toll Brothers Announces Cash Dividend

Rhea-AI Summary

Toll Brothers, a leading luxury home builder, has declared a quarterly cash dividend of $0.20 per share, which will be paid on January 20, 2023. Shareholders on record as of January 6, 2023 will be eligible for this dividend. This announcement reflects the company's commitment to returning value to its investors amidst its operations across 60 markets in 24 states. Toll Brothers, recognized as the World’s Most Admired Homebuilder in 2022 by Fortune, continues to enhance its market position in the luxury home sector.

Positive

• Quarterly cash dividend of $0.20 per share announced.
• Dividend payment date of January 20, 2023, shows commitment to shareholder returns.
• Recognition as the World’s Most Admired Homebuilder in 2022 boosts company reputation.

Negative

• None.

FORT WASHINGTON, Pa., Dec. 14, 2022 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL) (TollBrothers.com), the nation's leading builder of luxury homes, today announced that its Board of Directors has approved a quarterly cash dividend to shareholders. The dividend of $0.20 per share will be paid on January 20, 2023 to shareholders of record on the close of business on January 6, 2023.

ABOUT TOLL BROTHERS
Toll Brothers, Inc., A FORTUNE 500 Company, is the nation's leading builder of luxury homes. The Company was founded 55 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, golf course development, smart home technology, and landscape subsidiaries. The Company also operates its own lumber distribution, house component assembly, and manufacturing operations.

Toll Brothers was named the World’s Most Admired Homebuilder in FORTUNE magazine’s 2022 survey of the World’s Most Admired Companies^®, the seventh year it has been so honored. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.

Toll Brothers discloses information about its business and financial performance and other matters, and provides links to its securities filings, notices of investor events, and earnings and other news releases, on the Investor Relations section of its website (investors.TollBrothers.com).

©2022 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse the products or services of, Toll Brothers

CONTACT: Frederick N. Cooper (215) 938-8312
fcooper@tollbrothers.com

FAQ

What is the dividend amount declared by Toll Brothers (TOL)?

Toll Brothers has declared a quarterly cash dividend of $0.20 per share.

When will Toll Brothers (TOL) pay its dividend?

The dividend will be paid on January 20, 2023.

What is the record date for the Toll Brothers (TOL) dividend?

Shareholders must be on record by January 6, 2023, to receive the dividend.

How often does Toll Brothers (TOL) pay dividends?

Toll Brothers typically declares dividends quarterly.

Is Toll Brothers (TOL) sustainable in its dividend payments?

The declaration of a quarterly dividend reflects Toll Brothers' commitment to returning value to shareholders, though ongoing performance should be monitored for sustainability.