PulteGroup, Inc. (PHM) to Issue Quarterly Dividend of $0.26 on April 2nd

PulteGroup, Inc. (NYSE:PHM) declared a quarterly dividend on Wednesday, February 4th. Investors of record on Tuesday, March 17th will be given a dividend of 0.26 per share by the construction company on Thursday, April 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 17th.

PulteGroup has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 7 years. PulteGroup has a payout ratio of 8.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect PulteGroup to earn $13.53 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 7.7%.

PulteGroup Stock Performance

PHM opened at $133.84 on Friday. The business has a 50 day moving average price of $125.18 and a two-hundred day moving average price of $125.27. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 0.81. The company has a market capitalization of $26.09 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 1.48 and a beta of 1.33. PulteGroup has a 1-year low of $88.07 and a 1-year high of $142.11.

PulteGroup Company Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.