Pulte Group (PHM) Declares $0.05 Quarterly Dividend; $250M Stock Buyback

July 24, 2013 5:07 PM EDT
Pulte Group (NYSE: PHM) declared a quarterly dividend of $0.05 per share, or $0.2 annualized. The dividend will be payable on August 12, 2013, to stockholders of record on August 5, 2013, with an ex-dividend date of August 1, 2013. The annual yield on the dividend is 1.1 percent.

The Board of Directors also approved a share repurchase authorization of $250 million, raising the Company's total available authorization to $352 million. 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.Â

"These announcements illustrate our confidence in the long-term prospects of PulteGroup, and are consistent with our focus on enhancing shareholder value and our desire to return capital to our shareholders," said Bob O'Shaughnessy, Executive Vice President and Chief Financial Officer of PulteGroup.

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

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