D.R. Horton, Inc. (NYSE:DHI) Plans Quarterly Dividend of $0.50

D.R. Horton, Inc. (NYSE:DHI) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.50 per share by the construction company on Thursday, November 19th. This represents a $2.00 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, November 12th. This is a 11.1% increase from D.R. Horton’s previous quarterly dividend of $0.45.

D.R. Horton has raised its dividend payment by an average of 0.2% annually over the last three years and has raised its dividend annually for the last 10 consecutive years. D.R. Horton has a dividend payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect D.R. Horton to earn $11.35 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 15.9%.

D.R. Horton Stock Performance

NYSE DHI opened at $146.25 on Friday. The firm has a market capitalization of $40.91 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 2.23 and a beta of 1.35. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average price is $140.80 and its two-hundred day moving average price is $147.77. D.R. Horton has a 1 year low of $130.40 and a 1 year high of $170.79.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, October 29th. The construction company reported $2.67 EPS for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.34). The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.07 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The business’s revenue was down 3.2% on a year-over-year basis. During the same period last year, the business earned $3.04 EPS. As a group, research analysts anticipate that D.R. Horton will post 10.43 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DHI. Fiduciary Financial Advisors bought a new stake in shares of D.R. Horton during the second quarter worth $25,000. Caitlin John LLC bought a new position in shares of D.R. Horton in the 2nd quarter valued at $25,000. Compass Wealth Management LLC bought a new position in shares of D.R. Horton in the 3rd quarter valued at $27,000. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of D.R. Horton during the 3rd quarter valued at $28,000. Finally, Compass Financial Management LLC acquired a new stake in shares of D.R. Horton during the 2nd quarter valued at $31,000. 90.63% of the stock is owned by institutional investors.

D.R. Horton Company Profile

D.R. Horton, Inc is a residential construction company that builds and sells single-family detached and attached homes in the United States. Its offerings include entry-level, move-up, luxury and active-adult housing, serving a range of homebuyers through brands such as D.R. Horton, Express Homes, Emerald Homes and Freedom Homes.

The company’s operations also include land acquisition and development, home financing and title services. Through subsidiaries and affiliated businesses, D.R.