KB Home (NYSE:KBH) Shareholders to Get $0.25 Quarterly Dividend

KB Home (NYSE:KBH) announced a quarterly dividend on Thursday, October 8th. Stockholders of record on Thursday, November 12th will be given a dividend of $0.25 per share by the construction company on Wednesday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, November 12th.

KB Home has increased its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. KB Home has a payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect KB Home to earn $3.77 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 26.5%.

KB Home Price Performance

NYSE KBH opened at $44.38 on Friday. The business’s fifty day moving average is $51.75 and its 200-day moving average is $52.74. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 2.29 and a beta of 1.34. KB Home has a one year low of $43.37 and a one year high of $67.57.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, September 22nd. The construction company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.17. KB Home had a net margin of 4.39% and a return on equity of 6.56%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the business earned $1.61 earnings per share. The firm’s revenue for the quarter was down 20.0% on a year-over-year basis. Research analysts expect that KB Home will post 3.25 EPS for the current fiscal year.

KB Home Company Profile

KB Home is a national homebuilder that designs, constructs and sells single-family homes and townhomes. The company offers homes in a range of floor plans, sizes and price points, with options that allow buyers to personalize features and finishes. Its communities typically include amenities such as parks, open spaces and other neighborhood improvements.

Founded in 1957, KB Home is headquartered in Los Angeles, California. The company serves residential markets across the United States, including Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, South Carolina, Texas and Washington.