Toll Brothers Announces Cash Dividend

Rhea-AI Summary

Toll Brothers, Inc. (NYSE:TOL) announced a quarterly cash dividend of $0.17 per share, to be paid on October 22, 2021. Shareholders on record as of the close of business on October 8, 2021 will be eligible for this dividend. This marks a continued commitment to rewarding shareholders amid the company's growth as a leading builder of luxury homes across numerous states. Toll Brothers has been recognized as one of FORTUNE magazine’s World’s Most Admired Companies for ten consecutive years.

Positive

• Quarterly cash dividend of $0.17 per share signals financial stability and commitment to shareholders.
• Company's consistent recognition as a top builder enhances brand reputation.

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• None.

FORT WASHINGTON, Pa., Sept. 21, 2021 (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 $0.17 per share will be paid on October 22, 2021 to shareholders of record on the close of business on October 8, 2021.

About Toll Brothers
Toll Brothers, Inc., a FORTUNE 500 Company, is the nation's leading builder of luxury homes. The Company was founded over 50 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 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.

2021 marks the 10^th year Toll Brothers has been named to FORTUNE magazine’s World’s Most Admired Companies^® list. Toll Brothers has also been honored as Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year by 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).

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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/de6ae52c-3956-44b0-9b58-d61517710ee8

FAQ

What is the dividend amount announced by Toll Brothers?

Toll Brothers announced a quarterly cash dividend of $0.17 per share.

When is the dividend payment date for Toll Brothers?

The dividend will be paid on October 22, 2021.

What is the record date for Toll Brothers' dividend payment?

The record date for the dividend payment is October 8, 2021.

How frequently does Toll Brothers pay dividends?

Toll Brothers pays dividends on a quarterly basis.

Is the dividend from Toll Brothers sustainable?

The sustainability of the dividend depends on the company's ongoing financial performance and cash flow.