KB Home (KBH) Announces $1B Share Buyback, Raises Dividend

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KB Home Announces New $1 Billion Share Repurchase Authorization and Increase in Quarterly Dividend

April 18, 2024 4:10 PM EDT

Company Raises Quarterly Cash Dividend 25% to $.25 per Share

LOS ANGELES--(BUSINESS WIRE)-- KB Home (NYSE: KBH) today announced that its Board of Directors authorized the repurchase of up to $1.00 billion of the Companys outstanding common stock, replacing a prior authorization, which had $113.6 million remaining. The Company intends to continue its share repurchases in 2024 in a projected range of between $200 million and $400 million for the full year, including $50 million of share repurchases completed during the Companys 2024 first quarter.

The Companys Board also approved an increase... More