Pultegroup stock dividend – PulteGroup Boosts Dividend to $0.20 per Share
December 1, 2023
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PULTEGROUP ($NYSE:PHM): PulteGroup, a leading homebuilder in the U.S., announced that they have approved a dividend increase of $0.20 per share. This brings the total dividend amount to $0.20 for the company’s common stock shareholders. PulteGroup is one of the leading builders of new homes in the U.S., and its stock is widely held by investors looking for a reliable return on their investments. The company has been successful in providing innovative home designs and construction solutions, while also consistently delivering superior customer service.
In addition, PulteGroup offers a variety of financing options and is committed to building homes that are environmentally friendly. With its strong financial performance and commitment to excellence, PulteGroup has been able to boost its dividend rate on its common stock and reward its shareholders.
Dividends – Pultegroup stock dividend
PulteGroup recently announced an increase in its dividend per share, raising it from $0.57 to $0.20. This marks the third year in a row that PulteGroup has issued an annual dividend per share, with last year’s standing at $0.64 and the year before at $0.61. With this boost, dividend yields from 2021 to 2023 are estimated to be 1.03%, 1.31%, and 1.12%, respectively, with an average dividend yield of 1.15%. This dividend increase is yet another step in the right direction for PulteGroup as it looks to ensure the stability of its financial position and reward its shareholders for their long-term investments in the company.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pultegroup. PulteGroup_Boosts_Dividend_to_0.20_per_Share”>More…
| Total Revenues | Net Income | Net Margin |
| 17.07k | 2.76k | 16.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pultegroup. PulteGroup_Boosts_Dividend_to_0.20_per_Share”>More…
| Operations | Investing | Financing |
| 2.88k | -112.08 | -1.16k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pultegroup. PulteGroup_Boosts_Dividend_to_0.20_per_Share”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.72k | 5.7k | 46.44 |
Key Ratios Snapshot
Some of the financial key ratios for Pultegroup are shown below. PulteGroup_Boosts_Dividend_to_0.20_per_Share”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.3% | 29.5% | 21.5% |
| FCF Margin | ROE | ROA |
| 16.3% | 23.2% | 14.6% |
Share Price
On Monday, PULTEGROUP stock opened at $88.1 and closed at $87.9, down by 0.2% from its last closing price of 88.1. The increased dividend is a sign of the company’s confidence in its financial stability and its commitment to providing value to its shareholders. PulteGroup is a well-respected homebuilder with a strong portfolio of homes and communities. The company continues to invest in projects and initiatives that benefit customers and shareholders alike, and this latest dividend increase is a testament to that commitment. Live Quote…
Analysis – Pultegroup Stock Fair Value Calculator
At GoodWhale, we conducted an analysis of PulteGroup‘s fundamentals to determine the company’s intrinsic value. Through our proprietary Valuation Line, we determined that the intrinsic value of PULTEGROUP share is around $70.1. Currently, PULTEGROUP stock is traded at $87.9, which is overvalued by 25.3%. This suggests that investors should be cautious when considering investing in PulteGroup at its current price. More…
Peers
PulteGroup Inc is one of the largest homebuilders in the United States. The company’s competitors include D.R. Horton Inc, Lennar Corp, and Beazer Homes USA Inc.
– D.R. Horton Inc ($NYSE:DHI)
D.R. Horton Inc is a homebuilding company that operates in 84 markets across 26 states in the United States. The company is engaged in the construction and sale of single-family detached homes, townhomes, and condominiums. It also provides mortgage financing and title services for homebuyers through its subsidiaries. As of March 31, 2021, the company had a market capitalization of $26.2 billion and a return on equity of 25.97%.
D.R. Horton was founded in 1978 and is headquartered in Fort Worth, Texas. The company operates through its Homebuilding and Financial Services segments. The Homebuilding segment acquires and develops land, and constructs and sells homes in 27 states across the United States. The Financial Services segment provides mortgage financing, title insurance, and closing services for homebuyers in its homebuilding markets.
– Lennar Corp ($NYSE:LEN)
Lennar Corp is a leading homebuilder in the United States. The company has a market capitalization of $22.33 billion as of 2022 and a return on equity of 18.78%. Lennar Corp is engaged in the business of homebuilding, land development, and related activities through its subsidiaries. The company builds and sells a variety of homes, including single-family detached homes, townhomes, and condominiums. It also provides a range of homebuilding-related financial services, such as mortgage financing, title insurance, and home warranty services.
– Beazer Homes USA Inc ($NYSE:BZH)
Beazer Homes USA Inc is a homebuilding company that operates in the United States. The company is engaged in the design, construction, and sale of single-family homes. As of 2022, Beazer Homes USA Inc had a market capitalization of $345.59 million and a return on equity of 15.8%. The company’s primary business is the construction and sale of single-family homes. Beazer Homes USA Inc also engages in the construction of multi-family homes and the development of land for homebuilding.
Summary
PulteGroup is a homebuilding and financial services company that has recently announced an increase to its dividend share. This increase shows a commitment to rewarding shareholders and may provide a greater return on investment for current and potential investors. A closer look at PulteGroup’s financials reveals a strong balance sheet and healthy growth in earnings and revenue. This has helped the company generate a solid cash flow which is being used to increase dividends and reward shareholders.
Furthermore, analysts are optimistic about PulteGroup’s future and expect to see improvements in their operational results as well as an increase in the valuation of their stock. With these factors in mind, PulteGroup seems to be a sound investment.
