PulteGroup (PHM) Raises Quarterly Dividend 12.5% to $0.09 and Increases Buyback by $300M

December 2, 2015 4:49 PM EST

PulteGroup (NYSE: PHM) declared a quarterly dividend of $0.09 per share, or $0.36 annualized. This is a 12.5% increase from the prior dividend of $0.08.

The dividend will be payable on January 5, 2016, to stockholders of record on December 15, 2015, with an ex-dividend date of December 11, 2015.

The annual yield on the dividend is 1.9 percent.

PulteGroup also announced that its Board approved increasing its $750 million share repurchase authorization by $300 million. At the end of the third quarter, the Company had $305 million available under the existing repurchase authorization.

For a dividend history and other dividend-related data on PulteGroup (PHM) click here.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Dividend Hike, Dividends, Stock Buybacks

Related Entities