PulteGroup (PHM) Raises Quarterly Dividend 60% to $0.08; Approves $750M Buyback

October 23, 2014 6:35 AM EDT

PulteGroup (NYSE: PHM) declared a quarterly dividend of $0.08 per share, or $0.32 annualized. This is a 60% increase from the prior dividend of $0.05.

The dividend will be payable on January 6, 2015, to stockholders of record on December 15, 2014, with an ex-dividend date of December 11, 2014.

The annual yield on the dividend is 1.7 percent.

PulteGroup also announced that its Board of Directors approved a share repurchase authorization of $750 million. At the end of the third quarter, the Company had $85 million available under its existing repurchase authorization. The Company may repurchase shares in the open market, in privately negotiated transactions, or otherwise, depending on prevailing market conditions and other factors. The share repurchase program may be suspended or discontinued at any time.

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

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