PulteGroup, Inc. (NYSE:PHM) Plans Quarterly Dividend of $0.26

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

PulteGroup has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 7 consecutive years. PulteGroup has a dividend payout ratio of 8.6% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 0.8%

PHM traded down $1.12 during mid-day trading on Thursday, reaching $133.45. The stock had a trading volume of 90,852 shares, compared to its average volume of 1,943,556. The stock has a market capitalization of $26.01 billion, a P/E ratio of 12.03, a P/E/G ratio of 1.43 and a beta of 1.33. PulteGroup has a 52 week low of $88.07 and a 52 week high of $142.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 1.01. The firm’s fifty day simple moving average is $125.06 and its two-hundred day simple moving average is $125.21.

Analyst Upgrades and Downgrades

PHM has been the topic of several recent analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $145.00 price objective on shares of PulteGroup in a report on Wednesday. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $144.00 target price on shares of PulteGroup in a report on Tuesday, January 13th. Bank of America cut their target price on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Wedbush reiterated an “outperform” rating and set a $150.00 price target on shares of PulteGroup in a research note on Tuesday, October 21st. Finally, Weiss Ratings upgraded PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Nine investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $140.15.

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.