PulteGroup, Inc. (PHM) To Go Ex-Dividend on September 15th

PulteGroup, Inc. (NYSE:PHM) announced a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.26 per share by the construction company on Friday, October 2nd. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

PulteGroup has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 7 consecutive years. PulteGroup has a payout ratio of 8.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect PulteGroup to earn $11.11 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 9.4%.

PulteGroup Trading Up 0.4%

PHM opened at $124.23 on Friday. The stock has a market capitalization of $23.29 billion, a P/E ratio of 12.69, a P/E/G ratio of 1.53 and a beta of 1.19. The firm’s fifty day simple moving average is $128.99 and its 200 day simple moving average is $125.13. PulteGroup has a 12 month low of $108.49 and a 12 month high of $144.49. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.14.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Wednesday, July 22nd. The construction company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.12. PulteGroup had a return on equity of 15.21% and a net margin of 11.62%.The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same period last year, the company earned $3.03 earnings per share. PulteGroup’s quarterly revenue was down 9.6% on a year-over-year basis. As a group, research analysts anticipate that PulteGroup will post 10.12 EPS for the current fiscal year.

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.